It's a strategy where you buy a property below market value, renovate it to increase its value, rent it out for cash flow, refinance to pull out your initial investment, and then repeat the process with another property.

Getting started is the hardest part, especially that first property, and what strategy to start with. 

Great strategy that should be highly considered in my humble opinion. 

There is no right or wrong answer, just depends on your strategy  

From The House Hacking Strategy, published by BP (and I'm a case study in the book), Craig talks about the profitability to comfortability scale.

Lots of rentals on the market right now in DFW, so you don't want them moving.  1-2-3 months of vacancy, releasing fees, and make ready are very tough to make up, so best to keep your current tenants.A couple of strategies you can try...#1. 

Hello, I would like to know the best strategy for someone who earns $23/hr in Illinois.

Well, that opens Pandora's box when it comes to tax consequences/strategy. 

What options would I have as an exit strategy to get out of paying this high amount?

Your repercussion has already happened.People who sue HUD, sue all of us.Able people who accept sec 8, landlord or tenant, are abusing an otherwise noble social program, if they position themselves to qualify as a financial strategy, rather than qualifying for reasons of bad luck.