One tip is that is a very tough state for flipping/investing too because of tough laws against lenders if needing to foreclose, just something to watch out for

Investor pool seems way too small to fund this effort.  

At that price point, your renter pool is incredibly small.

If anyone on here is good with google docs, I could use some tips. 

I'd appreciate hearing about the process, any challenges, or tips for navigating Section 8 in the area.

Welcome to the community and be ready for a huge amount of information at your finger tips.

(They both shrink your pool or buyers and combining them really shrinks the pool.)Assuming you don’t plan to do a 1031 exchange you’ll also pay higher taxes if you can’t spread them over two calendar years, but not much. 

The higher the cash ROI the longer the wait because there are fewer of those and you’re likely competing against a large pool of investors like me.  

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Best tip is to add digital locks to each bedroom door and make sure there is enough kitchen space for all parties.