I hope this helps.

Can be profitable ,BUT, my experience as a hard money lender is that there are many companies operstimg in this field that aren’t very stable financially.  

Tom,This is great information, thank you.

You should keep in mind that this is low income housing assistance. 

Thank you @David@David Jarvi I appreciate this advice a lot.

Broke down the doors and stole all of my mechanicals + material on-site (resulting in ~$30K worth of damage)I just had a contractor walkthrough and talk to neighbors and apparently there is now a homeless man who has been sleeping upstairs (he wasn't present, however bedding was present).

This is in FL and the lease says "We will not be liable for any damages, loss, or injury to persons or property occurring within your dwelling or upon the premises.

Huntsville ranked the best in this metric at only 14.1% of the median household income.However, the low property tax rate of just 0.41% of the median home value—the seventh lowest in the country—may seal the deal.

I hope this provides some guidance and clarity! 

What are the downsides or risks that I would be taking by doing this?