Being young is not nessesary being smart: people get blocked from getting a checking accounts for some fraud (writing bad checks etc).

Great memory @John Woodrich, yeah it was a Turnkey up/down a few blocks from downtown area can't remember who bought it.Small world!

This property is three blocks from WVU Tech’s new campus, and the school is growing like crazy.

I chose Tellus since I wanted mobile and all their extra features and I want the option of renting out rooms individually in the future.

Since the portion of rent the tenant pays is based on their individual circumstances including job income there can be fluctuations in what the programs pays and what the tenant pays. 

My 1.5 acre property is on a block that everyone knows will be developed sooner or later and today I got a call from a developer saying they want to buy my property for cash and asked how much do i want for it.

Okay enough prologue, here's the deal:3003 Finley St, Fort Worth, TX, 76111 (United Riverside)4 bed, 2 bath, 1570sf, built 1951Asking $84,900Estimating $25,000 in repairs (roof is 2 years old) needs: vinyl floors, new countertops, appliances, HVAC, possibly re-wiring, trim/doors, and paint.Estimated ARV: $150,000 (I base this on 3 bed 2 bath comps ~1350sf only a few blocks away selling for $159k to $185k, roughly $100/sf to me seemed like a conservative estimate)Estimated rent $1400/month (I based this on Fair Market Rent chart for 76111 from section 8 housing which lists 3 bed at $1350 and 4 bed at $1720, plus several 3 bed 2 bath rentals currently available a few blocks away at $1350/month)Running BRRR numbers with $80k cash purchase, $25k rehab, refinance at $105k, %10 capex/repairs, 10% vacancy, 10% management fees led to a monthly net cash flow of about $200.Is there something I am missing about this deal that I need to account for?

New Orleans has a very unique real estate market where neighborhoods can and do change drastically from block to block.

Multiply that by the complexity of each investor's individual circumstance and you get an infinite number of optimal strategies. 

Each of these variables will dramatically change the advice I give the individual asking me this question.