If I can and house is worth way more than owned example(mortgage remaining is 30k house is worth 150k) could I take the 30k loan over and then pay the 120k on the side?

I've recently started an eviction on a S8 tenant of mine in Detroit.The process will be identical to a normal, cash paying tenant with one big exception.The housing authority will continue to pay the voucher amount during the eviction process. 

j/k] Insurance doesn't pay replacement cost if you walk away.  

We're considering renting it and paying that amount in rent downtown to equal the mortgage payment.

Not to mention I'd have to pay for utilities, etc.

And 2, this idea that people will pay a higher prices simply by virtue of you charging a higher price.

With your resources, once you find the right property, you’ll be in a strong position to flip and build capital for future investments.When you flip, please talk to your tax advisor about whether you are ready for an S-Corp and/or whether you should operate under the same entity as a construction company.

For the money you will pay to invest on the 1600 block of N 27th street, you are better off buying in Germantown/East Mount Airy where the fundamentals are better or spending more to be in a better neighborhood.

How will appraisers, lenders and tax authorities account for this? 

It's how I've figured out what properties I've missed when it comes time to pay taxes (figuring out who is owed what is hard.