The program was created to give low-income tenants an alternative to living in federal project housing.S8 sets their rental rates to the LOW-END of market averages, if not slightly below.

An emergency fund needs to be liquid, and immediately available to you in addition to being low risk and protecting principle. 

Keeps costs low and guests satisfied!

A property could be cheap but be located in a low performing market.

If I ever run low on reserves, I can easily transfer funds from my personal to rental account.

For example you are putting in low grade laminate and all other listings are putting in high grade vinyl.

Thank you for taking the time to do a deep dive. 2% home appreciation was also a fairly low estimate, it looks like in that area it is actually around 5-6%.

Thus easy to manage and low Capex expenditures.     10.  

@Cory Prior There are ways of doing low-money down strategies.  

These sellers paid much less than what the going rate it today, likely have no mortgage or low interest rate mortgage and do not need to push rents to market value to cash flow.They get solid returns at their current rental values, have minimal headache with current tenants and they don't need to do major repairs to get their properties sold for a solid value.