Many section 8 tenants are professional renters, so make sure you know the rules too.3- The subsidized rent comes in like clock work, direct deposit to my bank account the 1st of the month.

As to your points on interest and combining it with what @Alina Trigub stated, 7% might not be that far fetched if you consider what PMI will do to the payment if PMI is translated as interest as well. 

Considering none of these guys are real estate professionals I wanted to get some input from the BP community about it.Thank You!

Secondly, many condo associations are run poorly and have little in the way of financial reserves, so unexpected repairs, maintenance, or upgrades could translate into surprise special assessments that will gobble up your profits.Flipping off-market properties is a sound strategy, but it requires serious marketing effort.

I love being able to help people I meet along the way and get to enjoy the luxury of being able to have my family first; even though at times those things get lost in translation, I don't ever let that get in the way because I am focused, dedicated and reminded everyday why I must and want to do the things I do w/LOVE!  

I am just saying that an average young sole proprietor may not be good with accounting and doing their own taxes and if they have they cannot afford to hire a tax professional and have multiple bank accounts they may not add up everything correctly or put things 100% correctly into tax software.

I professionally painted this places interior right before the tenants moved in.

What I don't know is: 1) whether the whole process needed to be started differently  (I can refer you to a qualified professional who specializes in partial exchanges). 2) whether you're interested in taking a passive approach on this (as this partial exchange would be into an asset managed by someone else.

You can be professional and cordial, but still firm and following the law. 

I will be travelling there soon so also love connecting with fellow investor and professionals.