I have talked to many CA investors who have lost money OOS specifically with Class C properties - the "cash flow on paper" are ideal scenarios.

Look into KBKG for cost seg, they also have an online calculator, but a full manual study is far better.I'm not a CPA, but I'll check you :) There are some different rules specifically with regards to Short Term Rentals.

Two experienced investors are hosting an event next week in DFW specifically about the BRRRR strategy and how they make it work for them.

Specifically, for most properties the value on both the comparable sales approach and the replacement value has risen, but on the NOI approach it has fallen.

Any specific area that you're looking in for MF? 

Are you talking about buying a big complex and making it specifically rented to section 8 tenants, or are you just wanting some guidance for single family house being rented by a section 8 tenant? 

Have you done any research on short-term rentals in general, the Houston market specifically, the software tools being used in the STR industry, the market data and research info available? 

Facebook groups, networking events, and having a specific buy box that you let people know about is a great way to start

Are there any specifications on dumpster sizes, work hours, safety equipment, etc.?

If you are interested in how to decrease your Federal Taxes and increase your cash-flow, I can help with no-cost consulting or studies specific to your property(ies) whether they are small or large and anywhere in the US or US Territories.