Quote from @Bonnie Low: You'd have to provide more details for anyone to give you a helpful answer.

Rental prices are also bananas here and vacancy rates are super low, so whoever turns this block into apartments is going to do very well. 

Here are a few key things to keep in mind:Understand the program: Section 8, also known as the Housing Choice Voucher Program, is a federal housing assistance program that helps low-income families, the elderly, and people with disabilities afford decent, safe, and sanitary housing.

It's probably one business that just only sees some massive spikes, and almost no lows but rather steadiness.

In addition, owner loaned us $100,000 at 6% simple interest for one year to make major repairs (installed heat pumps, replaced boiler (for heating water only), replaced some siding and major roof repairs.)We were very clear with each other what we each wanted out of the deal.

Then go down to Lowe’s and get them to cut the price by 10 percent.

I mean they do it for low income senior residents and the multifamily affordable apartments that been there for a while.

We do everything in house and buy a majority of our materials at auctions that sell lowes/Home Depot returns.

If you were in a low class area, then people who need an extra bedroom will make due, but that looks pretty nice.

By the way what market are you in as those prices are very low.