Hey Hai-Section 8 housing rules vary from state to state and even city to city.

It will vary by lender.

I understand these numbers can vary depending on financing, market conditions, and other factors, so I’d appreciate any insights based on different scenarios:All-Cash Deal: If this were an all-cash transaction, what multiples or IRR would you consider acceptable or ideal?

Carson, first congrats on the upcoming degree, I'm sure you'll have a solid baseline for property management based on your degree in facilities management.  

Opinions vary!

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

.- 74% of residents were born in Alabama, 37% of which are all at a higher level of education, with an associates degree or higher.

PM's are like the market themselves, they seem to go up and down in quality to some degree, plus truthfully you'll find some that are more experienced in specific locations than others are.

Seasonality hugely varies from market to market.

Congratulations on pursuing your Electrical Engineering degree and setting your sights on an exciting goal right after graduation!