There are a lot of folks unwilling to take "underemployment" which I personally think is insane, but I understand how the government incentives have disincentivized taking a job that pays less than your former position or the current unemployment compensation. 

Unless you are talking about a bankruptcy trustee, all trusts in TEXAS are governed by the same section of the Texas Property Code - regardless of testamentary trust, estate planning, or tax purpose.

Is the guarantee of at least 75% rent payment from the local government worth the headache that generally comes with section 8 tenants?

Full disclosure here - I'm pessimistic about pensions and I strongly distrust the government in terms of financial soundness.

Depending on how much equity you pull out of your current home, they may have enough to cover the rehab costs until the property qualifies for a government-backed loan.

That said, are you taking Section 8 vouchers or any other government subsidies from tenants?

Many of the government supplements and protections are coming to an end and we're likely going to see the effects of the shutdown in the next year.

The area is close to downtown Indy and it sounds like the local government is putting a good amount of money into the area.

If anyone has had any experience with Sec 8 or other government programs here in Florida (Polk County), please share it.

Many tenants have no income and government is on their side for missing rent.