One is your financial model and the other one is your personal stress level.

Otherwise wouldn’t be worth building a different floor plan, style, and area than I’ve been targeting.

Regarding financing (and sight distance approval), maybe having your architect make up a small model with people and cars to help sell the project to the bank.This could be costly and of course there's no way to measure the effectiveness on their decision. 

So how come the price went from 100k to 1000k in 35 years.Simple because 11% of the supply keeps changing hand in auction style where the bid going higher and higher.

I, instead, invest in midwest markets (Memphis and Detroit), mostly doing BRRRR style purchases.

Go to meetups in your area to meet other investors who invest in Section 8 rentals to see if that's the type of property and management style you want.

Well in this new model you would essentially pay your investors 7% in the form of a debt service, therefore when you decide to do a cash out refinance you pay your lenders their 7% and you own all the equity in the property that you acquired.

What is your management style - hire PM or manage yourself? 

A minor kitchen remodel includes replacing cabinet door fronts with shaker-style wood panels and drawer fronts and adding new hardware.

Olu - Assuming the geography and style/type of building fits your criteria (others have made comments that you should consider) the other part of this discussion on whether this is a "good deal" is the ability to increase the NOI of the property over time.