If the house is funky, it will be funky after you fix it up..

I'm sure OK has its share of dumps but you really have to drive around FL to truly appreciate how much low-cost housing there is.  

My clients who invest in Section 8 housing do so in 'not quite' transitioned communities but that have low crime rates.

As for the areas to target, my goal in getting our feet wet as real estate investors--and since we plan to be living in Sac--is to find a property we can live in while renting out one or more units to help cover our housing expenses, which we can then hold and continue to rent out when we move.

Quote from @Garrett Brown: Thank you, it is from a company called OOD for the mirror house and then everything else we build around it.

Where in North City did you buy this house? 

It’s a single family house that I bought for $160k.

I have been house hacking for the last year.

I am not even sure if the villages offers this type of real estate in which we could “house hack”.

Ignore seller finance for a second...Can you buy a house, put 20% down...yes.