Hi Arthur, every property is unique.

But yes, I always make sure I walk the property first.

Considering thousands of properties were built before 1978, I imagine the first year will be rocky.

Unfortunately, my experience has also been they Sec 8 tenants have generally been rougher on property. 

Would a property with 4 bed or 5 bedroom would have a better cash flow ? 

I'm considering making an offer on a property that is listed as a 2 bedroom 1.5 bath as a long term buy and hold property to add to my portfolio. 

My first purchase, first property, I had a great realtor.

That said, you will need to make sure the property meets the definition of rural first.

@John Paul Palace their bggest challenge is finding competent PMCs to recommend to their clients.That's what most of the negative feedback here on BP is about them - which is UNFAIR as they're selling a rental property, NOT PMC services.Recommend you do your own due diligence on PMCs before just going with their recommendation.

Also as I understand it qualification for these loans are based on the property as opposed to the borrower.