Now, I can understand why some folks might want to leave #3 off the table since it is accounting money and not cold hard cash, but I do not fully understand why people do not include the tax benefits in cash on cash.

I'm not sure this is accurate information, atleast not in Vermont where I own property. 4 years ago my property flooded and my tenants were displaced for 12 days, I consulted both a lawyer and the folks doing the disaster relief and they agreed that I was in no way responsible for the cost of putting them up in a hotel. 2 weeks ago there was another significant flood event and my tenants were again displaced.

I agree with Jeff in that the problems a lot of folks run into can be avoided by working with agents, lenders, and contractors who have experience with the 203k process.  

Ok folks,This seems like a no brainer to me, but I'm not too proud to run it past people more experienced to make sure I'm thinking propertly.

Hey Folks,  I'm set to take my national and state tests on August 18th, 2015.

I was able to speak with Residential AND Commercial folks and be out by 8:15 am!).  

Hey all, looking for a little guidance from the more knowledgable folks around here and would appreciate your input.The broad picture is that I'm looking to move out of my current home that needs work and keep it as a rental.  

These folks, your new friends, because that is what they are, and you will sincerely care for them, will list with you.

Welcome on board, Larry.You are in the right place with the right folks........

However, you can use www.gosection8.com to ensure your rent is considered reasonable for the area of the property.I think it's generally a safe assumption that folks living in public housing are not taking care of it the way they would their own place.