Because when I ran the numbers myself it was a loss of closer to $14K, not $22K, so I want to make sure I am doing it correctly and conservatively. 

I'd only add to get a professional inspection done with a very thorough team.

I'm trying to start off with something closer to Houston as my first property, but will keep College station in mind for the future. 

And how do I roll this into a cheaper mortgage (my dti would be too bad for another conventional).Maybe a lender would be able to consider the electric "working" with the proper inspection?

I went back to Memphis last year for the first time in six years to find all is as advertised with very minor exceptions.We have picture inspections done every four months, cost $75, because I'm a trust but verify guy.Good people, good service.   

I am currently under contract for a property, and my inspection period has just expired.

The key is understanding the nuances of the program and making sure your property aligns with their inspection standards.In Detroit specifically, Section 8 tends to work best in C and C+ neighborhoods.

The exercise of underwriting helps you sift through those to find the 1 out of 10 that’s worth taking a closer look at.

It will almost ALWAYS be below asking price, so you will have to make 10s, if not 100s, of offers to find a motivated seller.Then the property will have to pass inspection, appraisal, etc.

The reason is the rent-to-price ratio is good so you can cash flow, and most of the West side doesn’t have a Point of sale inspection which is really annoying.