Being a GC will take a lot of your time if you're doing it right and if you can't afford the time and already make good money elsewhere, I wouldn't go down that path unless you're passionate about construction and becoming a GC and can afford the time away from your current businesses or job. 

If it does not work I will likely try to buy it outright and a bit lower price and use Hard money.... 1 Bed / 2 Bath Condo about 900sq ft - Can NOT rent out unless owned for 3 yearsAsk: $225k (likely will try to contract for $215k) - place is in great shape.

Or do they use the virtual banking model like Baselane and Quickbooks Money, etc?

Plenty of people out there have the money for deals, but the lack the time and energy to FIND them.

So, you save money and forgive a debt you may be unlikely to collect anyways.

Hi guys,My money partners are looking for a property that will generate them income when they are not living in Philly but will give them a place to stay when they are back in town.

Quote from @Candi Kham: Section 8 has a lot of good and bad, but it's difficult to make a wise decision when you don't know all the ins and outs.

In the end, I likely lost a good chunk of time and money by choosing price over performance.

I am ok to leave some money in the deal.

I am not making life changing money with either of these deals, but I expect total returns to have a floor in the 10-12% with upside in the 20-25% which is really good returns.