(FYI, We are trying to build a small (5 to 6 properties), high quality portfolio in the next 5 years, planning on putting 25-30% down)The investment opportunity in question is a new build, single-family home with a 3-bedroom, 2-bathroom layout, accompanied by a 2-car garage, located in the neighborhood of Wesley Chapel, FL.

If you can't keep control of your personal finances, you are highly unlikely to succeed in real estate investing.

They should have GC leads for you in case you want to go that route.In our strategy, we usually rehab the house to rental ready stage at the acquisition itself. 

I practiced analyzing a deal with my friend the other day and the ROI I got back seemed really high lol.

I would highly take his advice on a lot of this.  

Unless you're renting to people who cram dozens of people into every corner and share beds, etc....I would go high class and do (2) 10 x 12's, that's only 240 SF and leaves you 300 SF for living/kitchen....do a Jack n jill bathroom between the bedrooms...

Market Knowledge: These agents typically have in-depth knowledge of the local real estate market, including areas with high investment potential, upcoming developments, or changes in zoning laws that could affect property values.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Hey Sharma, if you know all the risks associated with buying RE and doing section 8 there, then by all means go for it.Lots of people are telling others to "go there" because the inventory is high and people need to get rid of it.As someone else mentioned, before you make any investments, go drive around and make a decision for yourself if you want to invest there.One last piece of advice: Don't just look at the numbers.

Check your state/city laws, and if you can re-write the lease agreement after acquisition then you can also mitigate your risks that way.