@Charlie Gomez - If I were you, I would refinance and take the increased cash flow.

A house that's been full rehabbed, painted with our choice of colors?

Remember aging brings about increased medical expenses and a lot of unknowns.

In doing so they are increasing the values of their rentals. 

Is there any room to add value to justify an increase in rents, or do the recent updates pretty much cover rehab and rents are at the ceiling of FMR?

Popular, increasingly trendy area.  1-4 miles from the French Quarter/Downtown areas. 

I know I can claim it but would that make the Zillow price increase? 

Still in the early stages of conversation but got some beginning information and wanted to see if this was worth pursing:Asking Price: $550,000 (I already assumed that was too high, trying to figure out a reasonable price to offer)Income: $4000 a month (believe there is potential for rent increase (waiting on specifics of each unit))Expenses: $900 a month (Water, Garbage, Taxes, Insurance, Maintenance, Pest, & Septic) Self- ManagedNOI: $3100 a monthCap Rate: 8.72%Stable TenantsDoesn't need major workGood Area, Decent SchoolsQuestions:1) What is a fair win-win offer?

I was coming into this strategy thinking of ways to try and increase property value but I’m guessing that shouldn’t be a focal point going the Section 8 route.

Interesting thread, thanks for all of the color @David SillamanMy question is about using leverage for these QOZ deals.