.$60k is definitely not in the budget.. is there anyone who may be able to shed some light on this situation?

P.S: my budget for intial investment is about $60k. 

Were you able to stay within your predetermined budget? 

I have a truck and a lot of time on my hands.

At the time, we were looking at it as a fix and flip, but it needed a lot of work and we had no contacts in the area to get the work done in a timely and cost effective manner.We spent about a month doing research on local contractors and coming up with a budget and time frame for the project.Feeling confident, we began demolition on the home and quickly realized we were in over our head.

My truck was totaled, luckily he had great insurance, problem is it’s going to trial so hurry up and wait.

Start the conversation of what you're looking to achieve and be open-minded to their feedback.There is a lot to plan out, budget for, and execute on.

I get a smile on my face every time I see someone budgeting 10% for a property manager, because it happens so rarely. 

The numbers you see on the HUD website are household budget per voucher size, not rent allowance.  

You are in a business with the intent of making a profit.taking out a loan is not income, it is increasing your debt.If you need cash to live, properly budget how much you need and plan accordingly.If you don't have a job and only relying on rental income.