You will not likely be using this knowledge regularly if you are doing residential sales in an urban or suburban area.

@John Pearl any update on how it's going in TN? 

The owner is currently in the process of updating and repairing the home herself.  

The houses there are tiny and not updated at all but are going for 175,000. 

The market place of available housing that is Section 8 eligible is much smaller than the regular market place, so housing is harder to find.I'm sorry.

The general partnership structure may vary from one deal to another but what we regularly see is 30-35% of the GP allocated towards the capital raise (which is what you'd be doing).

Can you please post an update?

It may have already been mentioned, but on your tax advantaged accounts, it is VERY important that you do a direct rollover , Roth to Roth, regular IRA to Regular IRA etc so that you don't end up owing taxes.You might check to see what your cost basis is on your regular stocks, it might be worthwhile to sell some of them at a time.We personally have our retirement accounts with a discount broker and have some stocks and some ETF's within it.

We are more than happy to do the updating and heavy lifting.  

If so, should we also sink some money into it for new carpet, updated cabinetry and fixtures, and other cosmetics?