@Kyle Daniels I know Jeff Basler with SLS Financial has several options for investors that may be alittle more attractive than typical hard money loans, and he has been developing some longer term/portfolio products too.

Remember, the people in the area represent the types of renters you will attract.

As I tell people, the hardest thing (in my experience) is finding attractive investment opportunities.  

We will not take a unit out of commission not producing cash because we're waiting on Section 8 to complete an inspection.  

What appealed most to me about this property is the cashflow it produces, roughly around 14% COC return.

Buying a house using an FHA will allow you to put only 3.5% down with a very attractive interest and no many limitations.HDFC will allow you to get properties for dirt cheap with a higher down payment and much more limitation.I'm looking to make the most profitable decision, what would you suggest? 

Also with this scenario you can potentially attract a better quality tenant because you are giving them more of what they want.

You need to build up your knowledge base and experience before even considering building a team because if you try to attract agents, contractors, etc. before you know much, they won't want to work with you.

Just a few items; lumber prices are up 325%, conduit is up 50%, any product which is produced with materials from one country and assembled in a different country is taking 3x the normal lead time, at best.  

Yes, the fixed, low rate for 30 years (as opposed to the variable HELOC rate) is part of what makes the refinance an attractive option (in addition to the cash out).