Not to split hairs, but PMI is private mortgage insurance & is associated with conventional loans.

I am a Firefighter, husband to a wonderful woman, father to a beautiful little girl, and brand new to Real Estate Investing. 

It sounds like a beautiful home.

But the beauty of Section 8 is that the Section 8 paid portion is guaranteed and that 3rd party means that you have an added layer of accountability in the Housing Authority, as long as you learn how that works and utilize it to your advantage when necessary.It sounds like your Section 8 units are higher than the market one but there should also be a process with the local Housing Authority for increasing rents probably annually. 

I am considering buying a beautiful longtime family home in Montville, NJ and turning it into an LTR.

I am look at 5 acres of beautiful mountain property in Colorado.

I look younger and am in the process of growing out my facial hair.

Also... the logistics of trying to close 10 properties in one day gives me gray hair just thinking about it. 

I’ve heard of hair dressers with hundreds of units in their portfolio.

Well now we have to build them LOL. hair on fire.. but hey good problem to have.. for every pre sale my bank releases a spec loan. so when I get this kind of presale activity I can get loans as quick as I can build them..