They turn to low price neighborhoods because that is what is affordable to them right now. 

Your local PHA may also have resources to help match landlords with eligible tenants.The PHA must approve the lease agreement, ensuring it complies with Section 8 rules and rent limits.Pros:Guaranteed Rent Payments (sometimes even 100% based on certain tenant criteria)High demand for Section 8 rentals, which can reduce vacancy periods.Many Section 8 tenants prefer to stay long-term, reducing turnover rates.Cons:Properties must meet and maintain HUD's health and safety standards, which can involve additional maintenance and inspection requirements.The PHA limits how much rent you can charge, which may be lower than the market rate in some areas.Tenants must qualify for Section 8 based on income level and other factors, which may limit the pool of potential renters.Dealing with government agencies can sometimes be time-consuming and bureaucratic.In summary, converting your home into a Section 8 rental can be a good strategy for attracting and maintaining long-term tenants due to the stability and reliability of government-backed rent payments.

Hi, I am in the position to buy a single family historic home with an ADU in the back that currently has a tenant in it paying $1600 a month including utilities.The home has 3 beds and 1 bath  and needs some light work such as floors including leveling of one bedroom where the floor is dipping, a few windows, stair repair, painting  and landscaping as it sits on a 7000sqft lot.

I did a high level comparison where we differed in our underwriting and here are the results:1) Rents: They projected over $300/unit rental gains, whereas we projected $140.

Leaving a bad review will blow back on you, show you don't understand the process, and make enemies at the county level. 

Same thing as Bruce with the flood zone...on paper was located in a flood zone but the actual risk seems very low and the owner of the last 40 years never had a problem. 

Emotion, happiness, and lower stress levels are part of the equation and decision making process as well.

Some people write books, some people create online businesses, some people invest in real estate.It is, of course, the last of those that has brought me to where I am, and Next Level Equity to where it is.Through investing in real estate, I generate income in my sleep.Regardless of what I do that month – work overtime or lounge on the beach – that rent check comes in every month, like clockwork.

Also, you should be focused on constuction lenders who offer best leverage (usually those who will capitalize interest reserve &  finance a portion of the soft costs), lower floors on the rate since most banks tie their construction debt pricing to the fed rate, perhaps offer lower or no pre-payment penalty if the property reaches the permanent financing phase of the loan product before you are able to refinance and low or no required depository relationship outside of the actual operating ccount.

Not too low either, you don't want to go with someone who is just focused on price as this is a quality of a not-so-great accountant.