I feel I'm on the low end, but my COC return a year later is roughly 14%.

BUT The points they charge and interest are both way higher than normal, on some deals I ran numbers the points and interest were going to be 20k on properties where the ARV is 100k so you have to get properties at such a low price to make it work that it is so hard.

House hacking is an excellent strategy, especially with the potential to use an FHA loan to secure a property with a low down payment. 

Foreclosures ar near all time lows.

It’s on a quieter street, low income area.

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.

Can you lease an apt under USDA low income and have someone else live there???

Is it possible to keep my land loan out of it to keep the total cost low?

A low maintenance condo rentable to good tenants sounds like a good starting point to me.I’m 56 and reasonably setup for retirement, so real estate is a stabilizing diversifier for me.

It was high rent, low entry point area but within 6 months I dealt with an eviction and electrical issues.