So you went based on pricing.3.

Because you can assume no Section 8 tenant has good credit, my leasing decisions had more to do with meeting each tenant myself to get a gut feeling based on their communicativeness, timeliness to showing, what questions they asked, whether they looked me in the eyes or avoided eye contact, etc.The downside of section 8 was the annual, then bi-annual, inspections. 

They didn't pay for it, so they don't take care of it like an owner.Before you make assumptions about costs based on a seller's contribution to improvements, find out what they improved? 

He is based in Indianapolis and works with a ton of OOS investors.

This^^^^^Unless he is loaded with cash reserves and can take a loan out based on his liquid reserves.

I now have my rent based at 1100 a month!

We consulted with a designer once, but saw it as no value based on what we had already done ourselves.

@Peter Mckernan Copy.... it's a "% based payment" off scope of work. 

Your argument is based on outdated assumptions and ignores the reality of today’s labor market.

Based on my current savings rate, it would take me about 3-4 years to save up enough for the down payment on my first investment property.