Depending on the loan product used - to purchase a non owner occupied investment property you will need a 15-20% down payment plus closing costs.

Or they can keep, and the cash flow will significantly higher than than the P/I payment. 

Section 8 comes with benefits like reliable government-backed income, potential tax advantages, and lower vacancy rates.

The larger downpayment you can put down the lower your payment will be and ultimately will save you thousands or hundreds of thousands of dollars in interest.

I'm current on my loan and have never been late or missed a payment.  

With a substantial down payment, targeting the suggested price range within Raleigh limits is not only possible but strategic, considering the city's job growth and vibrant community.However, as you've wisely pointed out, the expansion towards outlying areas like Selma/Smithfield and Benson brings both opportunities and challenges.

With owner financing, you can usually put a smaller down payment down (15% or so) to get in, then drive the value through improvements or rent increases to market.I always look for light to improvements and mostly rent increases with month to month leases or vacancies to get the best deals that I can move the rents faster. 

Interest rate is at 4.75% and the mortgage payment is slightly less than the market rent in that area.

In other words, it’s income that you earn passively with minimal effort and involvement.Strategies To Generate Passive Income1.Rental PropertiesRental properties can provide a steady stream of passive income through rent payments from tenants.

That gives me enough for the down payment and bank funded work needed.