You can go right across the border for Wisconsin or Indiana. 

I like Vegas, people have shown how committed they are to gambling.

And if they find out he lied, or that a business agreement exists between the two of you that clearly shows you are actually the owner, then it could be bordering on mortgage fraud. 

Sponsors need to get paid for their time and LPs should want for them to feel financially stable so that they're not doing moonlighting gigs to make ends meet while they're gambling with their money. 

Again, that severely limits your S8 pool, as most of them have some kind of felony/misdemeanor/etc.I've had four properties on S8, two in the ghetto, one a 93 unit apartment complex bordering the ghetto, and one a nice duplex nowhere near the ghetto. 

I am from NYC myself and know what you mean about the market here it's way overpriced almost anywhere that borders NYC and that's why I invest in NJ.

It's bordered by a couple houses on one side and another wooded vacant parcel on the other. 

The area is a  C- neighbourhood, bordering on our equivalent of a war-zone.

Appreciation 100% based on NOI.For a 5 year time frame I would not gamble on or rely on SFH appreciation.

The agent may, in fact, be telling the truth and working in the buyer's best interest if the buyer doesn't want to gamble on a short sale.