He gets 20% of actual receipts. 

We use the same databases that IDI uses and we actually add 8 others on top of it to get even more accurate data.

First thing is that you will have to pay more for a property manager who is competent with voucher recertifications, inspections, and is actually comfortable working with that population.

Are you looking to do the loan underwritten by your income / off set by the rental income or a DSCR loan that uses only the actual or projected market rent schedule?

I don't actually need the cash flow until late 40's/age 50.

if cashflow is the goal, then a) choose a market to invest in that's cashflow-heavy, first and foremost. note: living in a property for a year doesn't necessarily build equity. your principle paydown year 1 ain't much & if the market dips a bit, you could have no or negative equity at the end of y1. just something to consider.note: appreciation in general is speculation. we can make educated guesses on what's going to happen, based on what HAS happened, but this isn't the 'perk of RE investing' to focus on when you know your goal is cashflow. ignore appreciation for now.if the goal is cashflow, why not just start with a rental?

Central AC:- No flexibility to chose your room's temperature: Entire unit is the same temperature- If it is broken, no other room to escape- Quiet- Cleaner look on the walls (guessing the outlets will be on the ceiling)- I think costlier to set up 

Are there any property management companies that would be willing to actually go out to the tenants residence before renting to them (of course I would be willing to pay extra for this.)

Are they actually paying rent?

Dont like the cut-throatness and nastiness within some offices of some of the big "boiler room" firms and some of the restrictions on territories and property types, but cant afford to sacrifice actual success if thats the type of place you gotta go through, at least at this point in life...