I deal more with the middle market of homes, i.e. newer homes in subdivisions in the 125-250k or so price range (obviously dependent on your market and goals).

As long as you change the lease agreement to fit what section 8 allows you to charge and do not charge that same tenant anything more, you will be fine.

If I am buying a house that I don't feel as comfortable with or that is bigger than I normally deal with then I factor in a higher profit margin for myself to protect myself from the risk.In my market I deal mainly with properties under $50K.

Not that you want people who have foreclosed/evicted are ideal tenants.

I've got a nice place Santa can rent -- he should fit right in since no one else in the neighborhood seems to work more than one day a year........

Constantly learning new things is a good idea, so if you can fit the degree in with minimal risk, might be worthwhile.

This makes me an ideal buyer as far as the seller is concerned.

Also, some of the criteria listed on "voidmymortgage.com" fit our situation.

I deal with investors who have excellent credit scores and solid investment portfolio's and all are full documentation investors, no stated income.

Like many questions here, there is no one-size-fits-all answer.