Somebody somewhere had to pay for that real estate at some point and has continued to pay for it since.

Regarding your other questions:  - If the going value is $260/SF, why would you pay more than that?  

Some PMC's will charge a lower percentage fee, but will charge it whether tenant paying or not.

Montgomery Metropolitan Housing has a reputation of being difficult to work with and are slow to pay at times r so I have heard.One thing to keep in mind is that even with section 8, you still get to set your criteria that tenants need to qualify for your unit. 

Quote from @Edgar Duarte: hi allI would love to get some perspective from your expertise, we have a property that we would have to sell in 2025 to avoid paying taxes on the capital gains, we believe we rcan sell it for $700K and get an equity of almost $500K after paying the mortgage balance, if we invest all of it option in index funds at 7% rate (standard com growth calculator), or in more rental properties as we are all here for, I can get the equity of around $900K.option B would be keep paying the house at 2.3% int rate while we have it in AirBnB and maybe sell it in 10 years for $900K, knowing that we would be paying taxes but it is not that bad still. or we can 1031 at that point?

So that with paying my investor 6.3%, they will get a passive income of $2,532 every month ($30,384 every year).

So I put $1600 on a credit card for a down payment and then pay $500 a month until the full amount was paid off.

Take those profits and pay off the rentals.

Also, if you are a minority, WRA has the Partnership for Success program, which helps pay for your start up costs.

Anyone over 18 fills out has to furnish their social security and driver's license numbers, and pays a fee for a credit / background check.