It’s important to highlight several key restrictions that apply to the Affordable ADU:No Related Renters: The Affordable ADU cannot be occupied or leased to the owner, any relatives (by blood or marriage) of the owner, anyone employed by the owner, or anyone connected to any entities involved in ownership of the property.Student Dependents: The Affordable ADU may not be leased to student dependents, as defined in the U.S.

The cost of the rehab is ~$250,000 with estimated ARV of $1,200,000 and the total rent at $13,000, which would generate good cash flow.I make $100k, have really good credit score and ~$100k in savings.

Interesting idea, but I doubt that will happen, depending on what condo complex it is and he probably wouldn't like the interest rate. 

It definitely depends on what you might be looking to do though whether that makes sense.

I think it really depends on the buyer demographic, as far as if you are reliant on outside agents to rep buyers, then the co-op to them should be fair. 

This allowance does have a phase out related to your income, so it would vary depending on you and your wife's specific circumstance.

Yes you can get higher rents with section 8.It depends on the applicant and sometimes they don't qualify for the max HUD rent.I have 4 section 8 properties and it has been good to me.

Does anyone have any recommendations on banks that will lend to lower credit scores?

Depending on his “abilities,” you can get his forwarding address by following the law that actually applies to both parties here:ORC Section 5321.16 (B) “… The tenant shall provide the landlord in writing with a forwarding address or new address to which the written notice and amount due from the landlord may be sent.

This all depends on the property and the available business funds.