So they put crap like that in the presentation to make it sound better, or they don't have a clue. 

It sounds like you’ve got a great foundation with your business development and marketing background, those skills will definitely help when it comes to evaluating deals, negotiating, and even managing properties.

Section 8 sounds great on paper but there are a lot of things to consider. 

The salesman makes it sound so tempting, you get some added life insurance while also earning passive guaranteed tax free income! 

Otherwise we don't get MTR folks as we are way out of town.That sounds like a smart plan!

Does that sound like I am doing this right or should I just buy the property subject-to with maybe a one year balloon, then just bite the bullet and close on the property and once it's fixed up turn around and sell it again.

While BRRRR sounds great, I think right now for the most part in the DFW area it is pretty tough. 

Sounds cliche but always best to reach out to a trustworthy loan officer and fill out an application because there are too many things to look at before determining how much you can qualify for. 

@Lake Lutes sounds good.

Remind them that sound does travel between the units, so if they are on a late night phone call with their friends, to perhaps not sit in the room directly under the upstairs bedrooms.