Ultimately, I do think S8 requires scale and lots of efficiencies but has its benefits. 

(Just giving an example of MF in a rural idea setting, not all programs require all tenants to work on a farm).

Deduct NEW property taxes after you buyDeduct home insurance costsDeduct maintenance percentage, typically 10%Deduct vacancy+tenant nonperformance percentage(we recommend 5% for Class A, 10% Class B, 20% Class C, good luck with Class D)Deduct whatever dollar/percentage of cashflow you wantNow, what you have left over is the amount for debt service.Enter it into a mortgage calculator, with current interest rate for an investment property, to determine your maximum mortgage amount.Divide the mortgage amount by either 75% or 80%, depending on the required down payment percentage - this is your tentative price to offer.If the property needs repairs, you'll want to deduct 110%-120% of the estimated repairs from this amount.Be sure to also research the ARV and make sure it's 10-20% higher than your tentative purchase price.As long as the ARV checks out, this is the purchase price to offer.It is probably significantly below the asking price.

These are all solutions that don't require expensive treatment, therefore they are useless to adding to the profit of the hospitals. 

If you would like to avoid that process, then you can either close with a portfolio loan or DSCR, and just vest title in your LLC from the beginning @Lau Cor. 

Maintenance/cap ex, insurance, if a rental PM, bookkeeping, misc.The fact you have a loan means 1) leverage 2) equity pay down.In addition, there are tax benefits.So I will do some rough underwriting as an OO non-rental at 95% LTV (because FHA has some undesired consequences that make the 1.5% difference in LTV worth avoiding the FHA).equity paydown: 20% (using OP interest rate at 95% LTV and not counting closing costs). 

You could also hold it and refinance to avoid selling and access the equity gains.

Assuming NC requires 30 days notice for M2M leases, the tenant owes you rent until February 6th. 

Highest number of units without getting into commercial buidling codes at 4 units you have additional engineering requirements. 

If your goal is financial independence, then selecting an investment city is a straightforward process due to the income requirements for financial independence.