The program is not an entitlement: Only about a quarter of the households who qualify can access the vouchers.

I can share my learnings, so that you are aware of what to avoid, specially when you are out of state.

Hopefully it’s something that can come back soon.  

Either can work, or either can be a huge pain, but that's the reality of common area ownerships.I've worked on some small 2-3 unit condos like this doing the condo plans and the CC&Rs have always included provisions for financials, budget etc. as well as dispute resolution.

In CA (my market) the seller is required to make honest disclosure statement and you can collect for material non-disclosure.I suspect you already have learned that you need to check the status of all permits. 

I don't agree with your assessment on Tertiary markets as it relates to appreciation and cash flow.while some can be OK.. many of those markets are stagnate and those renting are certainly living month to month.. harder to find labor etc.

I can use some assistance strategizing a plan B on how to secure financing for this deal. 

Drive to MIT walk in and ask to speak with the professor of computer science and ask which student is the best programmer and hire that student, you will also have more power to negotiate because students are broke and they will do anything to get money so you will save.3: I would implement a map where I can see all the properties in the area and I would have filters in place so I can see what I want from comps, to prices, etc I would STUDY my competitors and take everything they have and create an all in one app.

@Alev G.Analyzing deals can be the most stressful part because of the assumptions that have to be made and there are so many unknowns that can change a deal from good to disaster. 

Low cost housing construction should be $130 but luxury can be $400