Thanks, just wondering if I should be cautious?

I think I would take a very cautious approach to renting section 8.

what are the current problems with the house.as for reselling at 50% higher or your purchase price, you will have to be cautious that if you have financing on table you will have a tough situation as justification as for the 50% mark up

He may be a little more cautious since I didn't accept his bid on the last job.  

Yes, buy and hold long term would be the objective however I still feel cautious about the repair price tag.Thanks for sharing!

I'm just being cautious given one title insurance company is not willing to accept a qcd from a government agency.

I would be cautious here and not move to fast thinking you are helping the situation.

Hard to start without them, should be cautious of doing business with them.The best way to approach that, in my opinion, is to seek an experienced lawyer to draft the syndication contracts AND to make certain that responsibilities, distribution details, PROBLEM RESOLUTION, and every other "oh no" scenario that the lawyer has seen or read about is covered in the document.

@Robert Sarno - You are wise to be cautious.

REO is not really my specialty so I may be overly cautious here but the risk vs reward here seems a bit out of place...that is just my gut feeling.