You're stacking risk factors - first deal, partnership, no existing revenue source, and making an off market purchase for the first time.

I have a house for rent and have been approached by a Blue Orion (blueorion.co) that wants to lease and sublet it to corporate clients.

Instead of applying for a new mortgage the buyer takes over the sellers existing mortgage loan.

If we put a tenant in the house we will have to pay the state back their $8,000 of assistance.Loan Balance: $150KCapital Required to Rent: $10K ($8K to pay out the state and $2K that I put into professional cleaning and new carpets.) 

I moved from Connecticut to Columbus, Ohio in 2012 and started investing in 2017 with a house hack

And then of course, I'll be able to enjoy the benefits of the voucher payment from the Housing Authority. 

Or, you could also pull a list of pre-foreclosures, skip-trace, contact sellers and see if you could help them get out of the house with less damage and loss than if their house went through foreclosure. 

I can understand that low cost housing will appeal appeal to a different tenant profile, but if the product itself is very good won't it also attract the kind of tenant you want more readily?!?

Also this house was in a 500 year floodplain and a very small deck off the back.

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