However, the current owner wants to sell it for more than it is worth so she can make a profit and pay off the IRS lien.

It is tough to buy the homes cheap enough to where you can then rehab them and sell them at a profit. 

MTR arbitrage is a useful tool to have in your tool chest, and like all tools, it has its uses along with its positives and negatives.MTR: Medium-term rental (usually between 1-12 months)Arbitrage: renting from another landlord and *with their permission* renting out that unit to a third party, hopefully at a profit.

Stacking rental houses every two years using the equity built up for the next downpayment each time--ideally with duplexes.Alternatively, they could look at a market like Lansing, MI where you can buy a duplex for around $140,000 where one side pays the expenses including the property manager and the other side is mostly profit.

Looking to learn the foundations of investing, DIY renovations and profit-making.  

The Roth IRA itself shelters the investment from taxes, so while you lose direct tax deductions, your profits grow tax-free and can be withdrawn tax-free in retirement.

I love it for the guaranteed rent, tenant stability, additional accountability with the housing authority and large demand for Section 8 housing without enough supply.With strong screening, I'm able to find great tenants and Im not owed any rent.Cons you will often hear is that the tenants are harder on your properties (doesnt have to be the case in my experience if you screen really well), the Housing Authority is a pain to deal with (this depends on a couple things - how well run your local PHA is and how good you are at handling process & details) and the extra inspections/red tape make the niche unprofitable (see what I said above about Housing Authorities).Done right, I believe Section 8 is one of the most stable & profitable. 

Any profit made from them reselling the home comes back to you directly.Here is the reason that this program does not fit most people. 

Further, while bringing the estate from the brink of bankruptcy to profitability, he invested all cash flow into improving the estate and diverted no funds to increasing his personal wealth.  

Then you can usually eke out a small profit on the rental income if you self manage and pull your money back out so you can scale with that.