Section 8 requires an initial inspection of the property, in addition to any other local housing conservation inspections that may already be required depending on the municipality in which the property is located in.

What does $10 per unit mean for 388 units=  $10 x 12 months x 388 units= $46,560 additional revenue with no added cost, other than sending out a notification letter.So, $46,560 more revenue and pure cash flow. 

I would avoid this if its your first acquisition  but you also appear to have enough cash to complete the purchase without financing so you wouldn't necessarily be at risk of losing your deposit, only incur additional transactional costs.

That said, if you're barely making the net worth cut even with home equity - the agencies will likely at the deal with additional scrutiny.

Additional securitization is most likely required via additional assets.

Additionally, I also have another K1 (LP only)- Since I am not a GP in this deal.

Additionally, my extensive knowledge of the local area gives me a competitive edge over other investors.2.

@Sureen Hari recommend you speak with a few property management companies in addition to your agent.Who do you think will know more about rental markets?

Additionally, my commute is 25 miles each way.Here's our plan:1.

Additionally, the limited rental period may not significantly impact the gain, but it’s essential to confirm whether any prorated exclusion applies or if the IRS rules regarding converting a primary residence into a rental property could affect the tax owed.