@Jeffery Jones As someone who owns 6 single-family homes under the Section 8 program and runs a property management company that manages over 100 Section 8 properties, I’ve learned a lot about the ins and outs of the program—not just the idealized version often shared on social media.If done correctly, Section 8 can be a great way to diversify a portfolio.

Given the scope of your work, a simple plumbing leak would not concern me, it's a $200 issue at the most and ideally, it's just another line item when you do rough in plumbing for the kitchen.Being in a Milwaukee suburb, I am guessing it's a 1960s ranch, probably with galvanized plumbing.

People interested in this type arrangement probably don’t have access to $150,0003.

Plan is to hold as long as my IRR is higher than 10% What made you interested in investing in this type of deal?

I'm more interested in an ABB type deal but will work with what cash flows.

Have you considered which markets or property types you're interested in? 

@Frank Pyle yeah, this is pretty normal and the type of home you use isn't of consequence. 

Unless it’s specified by your loan type or lender, you don’t have to.

Sounds like, from your perspective, this type loan would not be best for my situation. 

Our biggest problem is getting her out so we can do a proper rehab 60 days of dead dime waiting for her to vacate is not Ideal obviously.