However, if you're ready for challenges and have done your homework, Section 8 could indeed be a viable option for you.

I know I couldn't get a duplex conversion done in any single-family house that rented for $2350 USD for $15K here in western Pennsylvania, not even after years of actively of building the right contacts and learning the right skills to handle doing much of it by myself and competently supervising the rest.No. 2 puts profits before people, and you're taking a chance on Airbnb.

Challenges?

I’m sure I have left out a lot of details that will help but I would love to get some input on how I should handle this situation. 

How do you handle RE agent commission while flipping?

Property Management always seems to provide challenging topics to explore :)  I agree with the others who aforementioned zoning considerations, water/electricity hook-ups needed.

Today it will be very challenging as the rates on HELOC’s will be very high.Unless you perform the labor or get a screaming deal, your chances of getting all your money out will be challenging and it may end up being near 100% financing and thus little to no cash flowNot saying it cannot be done but in high interest rate environment brrr makes it that much harder

I think it would have been extra challenging in my case since I had a large low area that needed self leveling underlayment in addition to the rest of the floor that would have really benefited from the plywood underlayment, and I've been told it could be difficult to install the plywood over the SLU.  

FYI we've changed our approach entirely and have lower fee initial entry points to avoid the challenges of long term project based arrangements so we can catch issues much sooner.

With a substantial down payment, targeting the suggested price range within Raleigh limits is not only possible but strategic, considering the city's job growth and vibrant community.However, as you've wisely pointed out, the expansion towards outlying areas like Selma/Smithfield and Benson brings both opportunities and challenges.