Conduct detailed due diligence, manage costs effectively, and be ready for potential challenges posed by high-interest rates and market volatility.

With this acquisition, we will offload property management to a professional.

When conducting research on Tucson as an investor from out of state, pay attention to certain industries that are driving job development, local market statistics, property managers' insights, and online investment forums to obtain a deeper understanding than just surface-level facts.

I have found it very difficult to find an effective property manager to manage section 8 tenants.

Any advice from self-managing investors who handle small multi-family will be appreciated!

do some odd jobs--plenty of contractors are looking for help...start a lawn care business (extremely popular right now), work for a company that's involved with real estate such as a property manager, title company or hard money company (F-Street is often hiring) or a real estate investment company? 

If you don't have a background in renovations / project management / construction I would recommend you leave "deal" alone.

Local Property managers and realtors are a wealth of knowledge. 

If you are scared of losing everything and that everything is the 16k entry plus closing costs, it's not worth it on subject-to which has to be done correct and requires a lot of management to make sure their loan does not get called.

Since you are investing in areas with lower or no appreciation you will see your equity grow much slower than markets that have appreciation as all you have is debt paydown.If you can leverage your position now I would look for properties where you can create equity through renovations, management, property use, etc.