It's not unusual to see 3/1 and 4/1 Section 8 properties but that single bathroom would not do well as an MTR.Overall, I'd say location and the shape of the property is going to be your key driver and the factors that will make or break you in the MTR space so very carefully evaluate both before you make your decision. 

Still you’ll need to fix any plumbing, electrical, door etc type issues which likely are in bad shape.

I later heard but never exactly why, that the place was an absolute money pit and the buyer, who was very experienced, regretted buying it big time.It is interesting, but I ALWAYS do at least a bit of research on the prior owners and have found few "hard luck" stories, at least as far as either higher or high priced single fams go, they're by far the same story where the owner makes the financial decision to walk away, mainly due to the insane HELOC's etc they were giving out, like 125% of home's current value back in like 2006, so now they'll owe literally like $750k on a home that IF in great shape would at best fetch $500k, PLUS they trashed or semi-trashed the place, so they'd be really lucky to get $400k as is and often they may be business owners or whatever and have a relationship with a local bank who will then know "the whole story" behind the big hit they take to their credit score and not treat it nearly as harshly as the average Joe, who's practically banned from even entering the bank for years!

So, to be of any help to these people, we need to help them understand that (1) wholesaling is NOT investing, in any way shape or form.  

Units are in OK shape with some recently renovated.

To win, you have to pay more and with FHA you need properties in good shape so they pass FHA inspections.

While most of this year has been a challenge, this fall is looking far better in the Smokies, at least for the properties that we manage.  Our daily pace report, which compares booked revenues to-date versus a year ag...

Perhaps you are getting the California "discount"I may be missing something, but from the pictures the shingles look to be in good shape.

On top of that being that the property was occupied (delivered vacant) it was in great shape and didn't need that much work to bring it up to market standards.

Finished one of the bedrooms that was in dated and aged shape.