First off wasn’t 2008 simply an outcome of poor underwriting and loose lending standards which have since been tightened.

We provide the project that is the standard by which other’s are judged.on time. on task. on target.

There's not going to be a "no cost" standard mortgage.

Fannie Mae HomeStyle - this is a standard conventional type of loan that does not need to be refinanced. 

However, the doors are not the standard size....i.e. nothing at Lowes will fit the space.

There may be scenarios where you can get into a place for 10% down but lending standards have tightened significantly in the last few weeks. 

It was not a good buy according to the standards I use now, but it worked out.

The other thing that will keep you on the short list is to offer competitive pricing (standard pricing is easiest) and be prompt to respond to questions.

I am trying to learn more about the pros/cons of considering Section 8 (I would not plan to lower my rent, my standards for selecting a tenant, or my expectations for the tenant to follow the stipulations of the signed lease).P.S.

They will have their own underwriting standards, and very likely won't have the same net worth and liquidity covenants.