If you go into A/B Class the rents are going to be too high to justify doing section 8, meaning market rents are higher than Section 8 is able to pay.If you go down to D Class areas you're going to attract terrible tenants and it will be a nightmare. 

We have a large investment in question not included in the above that consists of a $3.4 million note we purchased for $1.9 million.  

The allure of fat cash flow (at least on paper) and the low barrier of entry (down payment) never stop attracting new investors. 

They're affordable enough to allow good cash flow, while also attracting decent tenant quality.

Is 10% ($1,750) per month in simple, taxable, spendable interest very attractive after owning real estate that likely did not generate that kind of cash flow? 

Those condos sell for around $2 million, but they rent for $400 a night.

It sounds like you stand to net (before taxes) about $4.3 million.

@Kyle Carter just because a building has all section 8 tenants doesn’t necessarily mean that the cap rate will be higher on exit but it might attract a buyer(s) that are focused cashflow and not appreciation; therefore a lower price to juice the yield.One of my non negotiables if I were you would be to only buy in an area that is desirable.  

It's not easy, but all successful agents operate like a business with daily tasks to attract leads and follow through on those leads.

You shouldn't worry about that until you have at least $1 million in equity.