In addition there are a wide range of grants HUD supports in most cities to improve a property to rent to low income people.Perhaps the best decission in looking at section 8 and low income rentales are the larger assets of using the contract incentives and special financing programs that only exist to those who provide services and employ your tenant that you could benefit from.

I would look at the existing STR's and see what their bookings are like in the next couple of months.

They exist here but they are not as plenty for a single family homes.

Nowhere is safe.  50 years from now short term rentals in residentially zoned areas will not exist. 

If this condition existed in the buyer’s home there is ZERO chance they would fix it.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $49,000

Cash invested: $3,000

We purchased 5 acres with no deed restrictions or HOA and continue to build out renta...

It’s time for me to dig deep and get really creative if a no down payment deal even exists or is possible otherwise go that route. 

Few things off top of my head are: - Reviewing existing lease agreements          - Rent roll           - Tenant payment history, on-time payments?         

Real Estate Investing in the most heavily litigated area of law that exists.

I do not anticipate a complete gut job and rewire, but there is some potential existing above only one unit.