@Erich Hatch, I think having a GC provide estimates is difficult.

I have clients from California who are successfully purchasing flips and BRRRRs here at a very cheap price point at $120k-$180k - positive cashflow and tons of appreciation.

I recently attempted this with an FHA loan for a client, but it was unsuccessful.

I generally categorize my house hack clients into two strategies/considerations.

Toledo's Lucas County Metropolitan Housing Authority...LMHA which administers the Section 8 program seems to have had a difficult 2016 and 2017 doesn't seem much better.I've been renting to Section 8 for seven years now, I still have my original tenant in fact, and normally I find great satisfaction in renting to good tenants and working with the bureaucracy that comes with a government program...I had 10 properties rented section 8 at one point and have slowly prioritized standard rentals over the program and now am seeing blatant issues with their operations causing me to move away from considering their tenants.Delays in the program: We used to have 5 business day's delay for new-tenant vouchers to be reviewed and processed for inspection but have been going weeks before we hear anything.

I am a realtor in Chicago and have many clients with the same question.

I want to rent it out instead of allowing it to sit vacant, but the other owners are hesitant to rent because of fears of dealing with potentially difficult tenants.

I would not put in tenants where rents are very below market rate as that will make it more difficult to sell.

I know from experience financing additional tiny homes (not sure if you're looking to do this) can be difficult without having someone that has previous ground-up construction experience.

These attorneys represent clients who want to avoid foreclosure.