Once we refi, cash flow for both properties combined will be about $1400.  

Combine those facts and it seems logical families will opt to continue renting in the city longer in lieu of perhaps buying a starter home and they grow out of the apartment style housing units.

By year 10, you’ll have a combination of growing cash flow, appreciation, and equity that could boost your wealth by several hundred thousand dollars.Consistent investing and proper management can lead to solid passive income and long-term wealth.

The property in combination with the local market has resulted in a very large # of applicants having section 8 subsidies.My company has only had a handful of section 8 tenants apply in the past but have never had any that ended up leasing from us.I'm looking for advice as to what questions should we be asking of section 8 tenants?

If you combine them all together, sure, but the US still has a vast natural and intellectual resource base.

Does it have to be 100+ hours for one of us individually, or can it be 100+ hours for my spouse and I combined?

Hey @Scott Meech - Check out your competition with furnished finder that is where a lot of Medium Turn rentals list their properties.I have a MTR in Chicago that has been decently successful...whatever I have found throughout my entire life and investing career is it is never one property/deal that is a grand slam...Rather, the grand slam is done by hitting many singles and using systems and processes to scale your operation; the combination of scaling and experience in a niche of real estate allows you to hit unlimited grand slams because, unlike baseball, real estate is NOT a zero-sum game.

So we will go from 1 unit to 4 units, with a combination of personal funds and construction loans.

What would your monthly payments be verses the combination of the separate accounts all with individual rates you're currently paying on? 

You could even consider an AirBnBRRRR strategy, which combines short-term rentals with the BRRRR method.