It’s generally prohibited for the property owner to be a parent, child, grandparent, grandchild, sister or brother to anyone in the Section 8 tenant’s household. 

I am being greedy and hoping to find a local investor who has done it here to bounce ideas back and forth@Max Householder there definitely are more than you initially realize once you start keeping your eye out for them. 

Another standard is Applicant's monthly household income must exceed three times the rent.

Census bureau found that 20% of U.S. households earn at least $100k per year. 5% of households make $250k per year.

Lots of households were combining because of this. 

This is based of the medium house hold income of 35k keeping rent at the 30% of income for the area.

Sure there are plenty of hurdles and head-scratching what-if's to work through, but I love the idea of furnishing homes that the tenants can truly afford, and not because they're white-collar DINKs  or it's a household of 8 crammed into a 2-bedroom apartment.

I have done many listening sessions on YouTube with a gentleman who owns over 4,000 apartments and I have learned very much from him about apartment housing and believe his preaching that is negative about household rental units is fairly good and believable. .I agree about the unoccupied units in SFH's is much more negative when a vacancy happens versus one unit in an apartment complex. 

That should be more than enough for his household of ONE.Security Deposit: $2475 (1.5 x rent, the max allowed in NJ)Good government job with opportunity for advancement.

Budgeting 10%-12% of our gross household income towards mortgage (or rent...).