Thank you  You will need to get an attorney or potentially the title company could create the documents but they are typically created by the lender and their attorney. 

Currently occupied by a section 8 tenant on a year to year lease. currently paying $1805Cash flow = $800- I left out some CapEx expenses in the report, as this is a newly renovated home, but will account for everything once I dive deeper into this potential investment.

Regardless of the reason, the delay in investing actually creates a compounding effect impacting one’s potential ability to reach the full investing benefit.The easiest way to understand this is by looking at the Rule oF 72.

Hey Ivan, since you mentioned you're new to real estate investing, starting with a turnkey property and house hacking first might be a safer bet.

That's what I would do (and have done), and it's the much safer bet, with a higher probability of success. 

Maybe the best bet is a rental refi on one of the two existing properties to be able to get a new home all cash?

I'm a buyer looking to potentially purchase cheaper rental properties in rougher neighborhoods.What are some good crime maps to use to make sure I'm not buying a property within a warzone or violent crimes area?

If this is market rate for a similar property as yours at this location, then Section 8 is under no requirement to pay more, even if their website shows a higher potential maximum rent.

You bet.

I need help on the lending side for this potential deal...I am negotiating a purchase agreement with a seller carryback of 20-30% as a second-lien position.