You would need to find a property manager to care for the investment until you return, which will eat into the profits.

But remember that the kind of work the affiliates do, that will eat up all your profit in a few repair jobs.Turnkey property means that the place will be fully renovated and things working fine for atleast a few years.

Put the profit towards a new Primary residence and ~$50k towards a rental property.2) Rent it out and eat the cash flow loss, hoping rents increase.

Now it used to be if you got a job with the government and could count on a fat pension then life could be good and with a few rentals excellent.

With a small portfolio, it will eat away at all your cashflow.

Also Since you plan to live there for 3-5 years, it’s easier to manage and maintain, giving you time to learn the ropes of real estate.That said, be mindful of high HOA fees, as they can eat into your margins and affect future cash flow.

I am eating it out of pocket, and going to try to push it back on FEMA and any association that can work with me on it. 

@Ben ClingerHi Ben, I just noticed your post.Toledo just clarified their inspection criteria for section 8 houses and decided they wanted their cake and to eat it too...we don't have to have an interior inspection (since LMHA inspects that during their inspection), but we DO have to pay for a Lead Inspector contractor to visually inspect the exterior of the house and of course we DO have to pay the $45 fee (which is of course what this is all about).LMHA of course inspects the outside of houses along with the inside so the whole lead inspection is redundant.

They may just agree to cover them, especially if Landlord offers to eat the appliance costs if they cover the utilities.If that doesn't work and it is an issue for the tenants, I wouldn't do it.

This is your seed, when you plant seed you expect a return, but if you eat the seed (blow your money), you have no seed to invest, (no return).