A dealer from 60 miles away brought the car to me and had the reduced rate just to the dealers closer to me wouldn't get a sale. 

Could you take the money from that house and buy  a rental property closer to where you will be moving?

I inspect and call it in myself.

@An LamI always send someone and what I tell them is the truth, I typically send people by when we buy distressed mortgages and have them say we are a lender inspecting the property

Hi BP,I had an inspection done on a SFR I plan to buy and hold.

And even that is predicated on a good inspection first!

With every property purchased, a 3rd party inspection and appraisal should be required.

Make sure you have at least 15 days for inspection.

It’s definitely a challenging market segment and if you’re attempting it out of state, the higher turnover rate and increased property damage can be real profit killers due to more vacancy, increased PM fees and rates (15% is more than double the rate I pay for example) plus you’re likely to have higher costs on maintenance, leasing, inspections, turnover/make readys, etc. just because sec. 8 tenants are a lot harder on units and also super high maintenance to manage.

.- Agree with above posts, if it's 8 unit, it will be a commercial loan, probably closer to the 6% rate, and 15 or 20 year term.- Insurance is high for apartment buildings.