I'd bring island out a little more. my advice is make sure all rooms are 110 sq ft minimum. some of these look super small. we build a very similar one in our market.

For me it’s building connections with buyers in a new market. 

We have a lot of fix and flippers who are really looking to scale, and understand that access to capital is their limiting factor.

Are there specific factors you look for in an area to make sure it’s a good fit for this type of rental setup?

Have the co-op take out a loan for 60% of building value, then charge buyers 20% of value in cash for each unit. 

HUD does not factor into the rent other amenities that might be included in the rent such as garage, basement, fieplace, central air, pool etc, that might command higher rent in the non-Section 8 market place. 

Using my slow days to fill work for employees and build equity.  

We have taken over several buildings in Berwyn from clients who have moved out a few years back, and that I get. 

Hopefully you have a better streamlined build on the next one.

You can use this property to hedge any others that you add that may only cover themselves, or require supplement until they are paid off.HOWEVER, if you have decided that your goal is to use Real Estate as a stepping stone to build wealth by upgrading the property you hold each time (condo to house, house to 4-plex, 4-plex to 8 unit, etc) then I think you are right to sell now while you think the property is at the top of it's appreciation.It will be hard for anyone on BP to tell you what to do as we don't know your goal.You are right.