I would do two things, contact the Sec. 8 worker and give solid details, photos, statements from neighbors etc....they may assist you. 

Anything you buy should have solid numbers and in general that’s more important than that price you buy for.

I studied hard and became an SEC registered rep, capital raising for a select few operators, and working for one of the longest standing teams in capital raising, who raise for those operators with solid track records.

Also, have you considered using a decent quality, pre-finished engineered hardwood floor (as opposed to solid hardwood)?

Check out Five Pillars Realty Group over in Fayetteville, they'll be able to hook you up with a solid PM!

Right around that 1% rule as well, solid rental!

It takes time to lay a solid foundation, but its well worth it in my opinion. 

For example, do they want too see two years of solid consistent income, high credit, etc.

I work with a lot of investors in north Jersey and am one myself so over time developed a solid list of HML's.

I would recommend sticking with a multi-family that has solid systems and at worst, needs aesthetic upgrades.