There's also the conventional loan program CHOICERenovation by Freddie Mac.

.- The inspections are only 5 years, but tenants are not likely to take care of them home as well as you, and refurbishing hardwood, lath and plaster, and anything else is going to be much more expensive than the typical Landlord special (white paint, and grey LVP)It will all come down to making your numbers work.

I would be very careful with this arrangement for your clients.

Hope is a bad strategy.The only on market strategy that I think can work is paying cash/line of credit/hard money for a property that does not qualify for conventional financing.

If you're insuring a home to replacement cost, insurance companies don't care about appraisals or what the home is worth.  

Who cares where the rent is coming from?

If you update to max number of conventional units, you will be able to add an ADU for each conventional unit

@Mike Burkett @Chris C.Hi,I should have read the post more carefully.

But you could always request an inspection checklist from your Section 8 and start getting those things taken care of ahead of time. 

But what's most compelling is that he's managed to curate a group of people who also care for each other and care about HOW they conduct business.