Overestimate maintenance costs, cap-ex holdbacks, needed reserves, etc. and you won't end up having a heart attack when one of those challenging tenants passes your screening process. 

If your projects have high leverage (which I recommend), you can boost your profit by 25%+ each time ... if you do 12 deals a year (which many of our customers do) ... that is hundreds of thousands of dollars in profit ... enough to hire an assistant for $40K a year to do all the leg work.Regarding @Jim Carson's comment.

Thankfully a second floor window had been left unlocked, so my husband boosted me up and I crawled through and we changed the lock. 

I currently have a duplex in Pensacola, FL in the heart of the city about 25 minutes from the beach and 12 minutes to both universities, mall and airport.

Not for the faint of heart.

I can tell you will put your heart into it.  

They will front the deposit which can be used for damages, but beyond that the lease is with the tenant and the voucher is only for the rent portion HUD agrees to pay.Having had HUD Vash tenants, I'll tell you this is a tough, heart wrenching program. 

I am a college student living on-campus over the summer and the property is in the heart of off-campus living.

When I realized that there was already an offer pending my heart sank.

As an engineer at heart, part of me likes to jump into a project where I'm in the driver seat to understand first-hand how something works before moving on to larger endeavors.