Another is Section 8 and unemployed.I’m open to Section 8, but my property manager says that the house won’t qualify and that it will need repairs such as:Fresh paint in some areasGarage door (garage is good, but door is missing)Filled cracks in drivewayPower washing of outsideOne New window (has very small hole)Phone jack removedLawn mowedI’m curious if this is all necessary for Section 8.

This can mean additional costs for repairs and maintenance to meet these standards.Administrative Burden -> There can be significant paperwork and administrative work involved in maintaining compliance with Section 8 requirements.Please reach out to me directly if you want to go deeper into the subject, especially on the financing/loan side of things!

Row housing halves the cost to repair the wall water on a per unit basis and there are obvious additional values to having proximity to all units. 

Old houses produce a lot of repairs.

I bought 100k homes for blue-collar working families that rented for 1000 dollars a month that more than paid for all repairs, vacancy, insurance, professional property management, and capital expenses."

However, minor cosmetic repairs or repairs to personal property cannot be deducted such as paint, replacing broken hardware, fixing leaks or holes, etc.(2) If you have other types of investments (e.g., stocks or mutual funds) that are operating at a loss, if you liquidate those investments to take a loss, you can use those losses to offset your capital gains.

If it works it would eliminate most appraisal gap concerns and I would earn extra margin on the post-closing repairs.

Because the downside here is that you are forced to live in this place before you get it repaired because you can’t afford the personal loan and rent. 

no one is going to go back and fix or redo anything.more repairs than you thought? 

About 80% of my Section 8 tenants left a lot of cleaning and repairs.