If you have enough equity you might want to do the same as rates are super low.

I'd hold off, or set your price low enough that you'd have to go for it.  

@Cary Ferguson Jr guess it depends on how low rents dropped during that recession, but based on what rents dropped to last time during the recession in this same area..I think I'd be fine. that's what I find so odd?? 

Seasoning Period requirements before you can Refinance out of the HML and into a Conventional ?

But ask any seasoned investor focusing on this niche, and they will all tell you that they've never seen a loan called as long as the note was performing.

@Richard McClainMake sure you use the @ button as that will notify the person immediately.Fannie has a 1 day seasoning requirement for investment property income.Please listen to my interview on the Joe Fairless Show...the link is on my profile.You will be able to pull out money if there's enough equity.PM me as well Sir

Section 8 program is only to help low income tenants rent, this program is not to help with mortgage payments.

I'm looking to get started in investing yet have a low budget to work with. 

I can explain the mechanics.Regarding that price point, it would make sense to go with a 2nd lien vs a 1st as the firsts we bought last year for similar investors turn out to be such low valued houses that unless you rehab them, you will not make little to no money.

There are plenty of opportunities at low or no cost to meet local R/E Investors.