This website (https://www.affordablehousing.com/housing-authority-mi/) allows you to compare the average price, condition, and size of homes available for Section 8 rentals.

Have a conversation with your property management company well in advance of any transition to ensure you are fully aware of all terms and conditions.

Thanks for any help’ Yes we're licensed there and FHA guides in one state apply to all states unless a state has a specific law that supercedes the FHA lending guideline.FHA is always 3.5% down minimum (in some cases less because you're using a DPA or down payment assistance program or 2nd lender to put down over all a lower down payment than 3.5%, Aka for instance 3.5% DPA + 96.5% FHA = 100% financing but just dont kid yourself this is fully 100% leverage and to be used with caution and carefully).In the case of 2-4 unit FHA is still 3.5% down payment @Matthew Kwan @Carlos ValenciaThere are rules regarding FHA such as:- primary residence - you must occupy one of the 2-4 unit property as your primary over 50% of the year and the underwriter needs to believe you will remain and have the ability to live in there, any deviation from this and you'll get a whole laundry list of conditions asking you to prove why you should be believed to be living or will live there (if this arises dont be surprised, it just means the UW doesnt believe you).- SS rule - self sufficiency rule - gross rents of all potential units 2-4  X gross rents at 75% needs to meet 1:1 or 100% of the monthly PITIA payment or greater.

You also have to take into considerations things like appreciation levels and the current condition.

The air conditioning doesn’t work, the fridge is broken, and the property is far from "turnkey."

Typically it is asking too much for rent, but it could be your advertising is poor or your property is not in good condition for that area."

Property is 2100sqft and needs a ton of rehab since everything inside is in good condition however everything original from 1950.

Rewiring the home is not an option (cost to rewire verses what the house is worth/ what I paid) and the current wiring is in very good condition.

The VA is a meticulous about the condition of the property as well, so make sure it meets livability standards. 

They can address issues quickly, which helps maintain tenant satisfaction and property condition.5.