For context, downtown Alexandria performs super well as a rental market and bringing in $5.5k+ as the monthly rental income if you choose to move out of the househack in the future will be absolutely feasible (depending on the property of course).

The real estate investing industry uses "Classes" to rank property performance risk, but there's NO agreed upon industry model:(Here's what we use for our Metro Detroit market:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

I’ve actually had a number of people exercise their option and get a loan and buy the house.

What type of loans are you buying, performing, non performing, seller financed?

These properties also offer you the opportunity to perform cost segregations which help with those current taxes. 

For higher-end properties in Cincinnati, everyone seems to claim they can handle it, but then there are performance issues. 

We have had voucher tenants in two separate markets and have found them to be our top performers overall.

These will give you a clear picture of the property's current performance and potential.

I’ve found that C to B-class neighborhoods tend to perform best for Section 8 rentals.

HUD performed extensive due diligence on us, and had to approve us as buyer's and our management company and mangers.