I would like to buy a property which has an existing section 8 family tenants, for the only reason that I own and rent the adjacent property to a quiet retired couple who cannot enjoy peacefully their home because of these people.

Rent your car on Turo.

I have spoken with an agent who has worked exclusively in this space for years and have been told that for the Oklahoma market, warehouse tenants pay rent most generally by CHECK.   

@Kevin Quach, most of my business is acquiring rent-by-the-room investments.

I recently bought my mother a mobile home on a lot cash in Corpus Christi so she will not have to pay rent.

Who do you want to rent to is the question?  

They are asking 950K.Gross rents: 100,800Utilities: 3KInsurance: 7KProperty taxes are roughly 10K for each 450K in value.Repair/Maintenance: Don't have figures yet but I'm assuming it'll average out around 10K a year.The lender I am speaking with also requires me to also include an 8% vacancy rate and a 5% management fee whether I have those or not.With an interest rate of 8.15% and 20 year amortization, I can't get close to a 1.2 DSCR until my amount borrowed is down to about 450K. 

If I was you and I had access to the VA benefits, I would see a 4 unit property where I'd have my own space and then rent the other 3 units.

From the beginning, I rented out 3 of the 4 rooms while living in the remaining room.

We will be looking for single family or small multi-family rentals to fix up and rent.