Thanks for the quality post!

There are really very few of quality on market.

The owner did an outstanding job.Btw -  This is an example of the tremendous VALUE we deliver and is our trademark.Love to chat about all projects you may be considering.Cheers,Jeffrey Baxter

Note sweat equity such as a BRRRR can provide outstanding returns (We have historically achieve infinite return on our BRRRRs), but they are not passive. 

We have no student debt or outstanding loans except the rentals and our personal house.

For single family I agree that adding bedrooms and then renting by the room or using as a VRBO would be the move, but as James pointed out those would be at odds with each other due to location and quality of property (short term renters will be a lot pickier than some college students, as you'd expect).

Plumbing, drywall, flooring, (we actually hired an electrician), finding high quality discounted appliances, a plug for countertops etc.

I have used "rental arbitrage" to improve my brother's quality of life and to let him live a real life "house hack" scenario.

This actually typically means they are lower than mortgage rates in the immediate term, plus are interest only, so your monthly payment will be dramatically lower on the outstanding balance.  

@Antonio Daniels 1-there are no different standards for screening...what you will find is that they will likely not meet your earning requirements (like 3x rent)...so you have to make exceptions...they also have very colorful backgrounds for the most part...after screening hundreds of section 8 tenants, definite patterns will appear...if you have a credit score requirement, odds are they will not meet there either (but there are fantastic voucher tenants out there as well...I've rented to nurses and other professionals with a voucher do to having a disabled child that needs a lot of services)...the one thing to be aware of is not treating them differently because they have voucher...2-The inspection depends on local authority, but the standards are the same...this is a federal program...so Housing Quality Standards (HQS) is the guiding document...how an inspector interprets that is another story...https://www.hud.gov/sites/dfil...3-Usually you will only have recertification annually, or possibly at an income change or a request or complaint...4-100%, it's one of the best sources of long-term steady income out there...I'll take a section 8 tenant over a white collar A-class tenant any day...plus you are helping to house the most vulnerable and underserved population out there.The bad things you hear about section 8 are from folks that do not understand the system and how it works, or want to be slumlords and not take care of their properties...or are ill prepared to deal with people in general.