BIG MISTAKE.Those horror stories you hear about houses getting destroyed…that happened.

Also easy to replace a small section when a tenants destroys a plank.Take a look at the flooring they sell at Costco. 

Go ahead and destroy the cash flow completely on the one you plan to hold. 

My biggest worry is about tenants scratching it all up and destroying in just a few years. 

I sublet 2 rooms in grad school, but I also saw some friends in undergrad who destroyed their places so I would be a little hesitant to go right into that market. 

They're destroying the apartment and paying about $600 less then market value for it.  

@Thomas S. why you say never count on staying in any home forever ( unless of course it is related to natural disasters striking and destroying your home ) ...

You can go to court collections but it will take time.The last thing you do is get them to retaliate and destroy your place before leaving.

If the tenants destroy the property, then they could loose their benefit (at list that's what the Sec 8 office told me I never experienced it) Also Landlords are allowed to give surprised visit to applicant's current resident prior to approval and if the property is kept in bad shape or they don't allow you to enter and inspect, then you can decline the application.

But hey, that 30k property "rents' for 850 right... all about that cash flow.. until it's destroyed and you dump another 30k into it to fix it back up or dump it to a wholesaler for 10k who then sales it to someone who then sells it to out of state investor for 60k claiming 1200 in rent.