Wasn’t looking for any cash back in this market but definitely wasn’t expecting 23k to refinance these two deals. 

But each area is different on what to expect with tenants. 

This may be important to you so your expectations are met.

As a new investor (newbie), I was thinking this would be a great place to start based on my expectation of low start-up costs, and by personal experience, I also understand the value of the section 8 program.

I don't have any of their financials yet but expect that they ran solidly for years with a knock from covid.

House hacking with friends can be a great way to share both the benefits and risks, but you definitely want to set the right expectations from the start.The key to making this work is transparency.

They are expecting your call!

This way, it saves time for everyone and keeps expectations clear.That said, I understand the frustration others are expressing, especially around proof-of-funds requirements for more conventionally priced properties—those under $750K, for instance.

@Beruk LessaneworkRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

The program was created to give low-income tenants an alternative to living in federal project housing.S8 sets their rental rates to the LOW-END of market averages, if not slightly below.What the gurus do NOT tell you is they expect you to get a Class C S8 tenant to rent a Class D property.