Sec. 8 obviates the entire mortgage balance in 4 to 5 years if you rent to their grant's designated tenancy profile without deviating. they also allow you to flip the building to the tenants profitably out of the box---if you (again) don't deviate from your chosen grant authorization's guidelines & tenant parameters. their main type of tenancy features a training component.

I see plenty of you talking about it.Thanks for your helpARV - After Repair Value.What would the property be worth based on the comps once the work has been done.On an appraisal this value is mostly called the subject-to value and the subject-to box would be checked.

I tend to think far out (What box?)

If a deal makes sense but it is not in the wheelhouse or comfort zone that you are used to, think outside the box and utilize common sense.

i have some questions about some electrical stuff in the house. so there are no gounds for seems like almost everything in the home. and they have some fuses that are oversize. my dad said that other than just changing out the box to a newer style that the wiring through the house may need to be upgraded because the old wires cant handle the loads anymore and were tripping the fuses so the previous owner just upped the fuzes. what are your thoughts?

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We had a box or two of extra prefinished wood flooring that wasn't enough to do a complete room.

You have to come out of the box when looking at things.  

Obviously larger issues were present:)  Night of the eviction date there was a mysterious fire in the basement.

Some sellers of rental properties love to hide behind the "seller never lived in the property" box on the disclosure.After all, we all know that landlords who don't live in the property would never know that there's a crack in the exterior wall, or there's a hole in the roof, or the HVAC is about to crap out.I would suggest an extra intense inspection of this property.By the way, if you don't have an inspector, I can recommend a really good one whom I've used in the past and with whom I've been very happy.