It can get really sticky, cause frustration and ruin a friendship if expectations aren't set up front.

Based on personal experience, I would add assuring the lender is specifically authorized to perform an on-sight property inspection, at the lender's discretion / convenience. 

Any of the online auction portals aren't really doing what you think.

Expensive and desirable aren't synonymous.

@Jaycee Greene I’ve contacted big banks small local banks and I haven’t quite tried credit unions although I have 2 credit unions for which I have accounts (but my experience is that they aren’t offering that much better terms).

We aren't even implementing what we learned because we are too busy dealing with a personal issue and haven't been able to travel much for the last couple of years.

So, don't get frustrated if they don't return your call or aren't in the office.

Aren't you amazed at the price of TVs nowadays?...!

Economics are powerful until they aren't.

A few things to keep in mind:Section 8 requires the property to pass an inspection based on HUD’s Housing Quality Standards (basically making sure it’s safe and well-maintained).The rent you charge has to align with Fair Market Rents (FMRs) in your area, so it’s good to check what similar properties are renting for.You’ll still be responsible for maintaining the property, but the upside is that a chunk of the rent is guaranteed by the government, which can provide steady income.Check with the local housing authority about any specifics for your area—every jurisdiction does things a little differently.This could be a great niche if you can find a good deal on the land and make sure your expenses (like maintenance, insurance, and occasional vacancies) are covered by the rental income.