Low offer versus high potential.

I can't speak for California, but I am aware of federal laws.Due to its cost, this would NOT be considered a reasonable accommodation. 

The potential issue is that he may have gotten his interest rate when rates were lower and you may get the deal at a higher interest rate which can potentially have the deal at break even or at a loss.The quality of the deal will depend on what your net income is and what you are putting into the deal.If in the above example and you have the same net income, the deal sounds amazing if you are putting in $200,000 because you have a 10%+ rate of return.But if you are putting in $2,000,000 the deal is horrible because you are making 1%

However, I've personally stopped taking Section 8 tenants because they ultimately resulted in lower rent income, a higher rate of lease violations and problems, and increased costs at turnover.It also depends on your market.

That’s costed 3k.

The key will be to present the property’s value, the projected cash flow ($6k-$7k per partner), and the appreciation potential over the next few years.

Get city inspectors involved in any of that and you can add 25% to the cost.

You don't want to do loan extensions, pay more taxes, pay more holding costs.   

New construction often means lower maintenance costs since everything is fresh and up to code.

Does your manager offer a placement guarantee, where they cover the cost of eviction if tenant doesn’t work out?