We are looking to buy a duplex (possibly a triplex or fourplex, if feasible) using an FHA loan.

Consistent non-payment by tenants can result in penalties or even the termination of their voucher, incentivizing compliance with payment responsibilities.As a landlord, it's crucial to assess the financial feasibility of accepting Section 8 tenants given the rent differential.

Back when I first started looking in early Feb, prices for the exact type of townhome I was looking for have jumped 50K, and it just isn’t feasible for me at the moment.

Some thoughts - garages or carports, for extra income from tenantsIf you have the ability to add a second driveway, consider trailer / boat / rv storage in an area enclosed by a privacy fence, or even garages to be rented to non-tenants for cars / storage.

Ideally, I'd like to buy a more practical car for managing my rental (something with more storag space) later this year. 

I'm definitely open to house hacking, but I find myself asking the question of why hold it (and the debt) if future cash flow is not looking feasible?

Check in with @Joseph Chiofalo they work multi family nationwide and would be an excellent initial feasibility resource.

Here are a few thoughts and suggestions:Evaluate Financial Feasibility Carefully$800,000 plus $300k-$400k for land is a very large upfront investment for short-term rentals, even in a desirable area like Sedona.

.- As with any RE transaction, it's best to consider the other parties perspective when determining feasibility.

Hot water heater leaked and flooded downstairs storage area.