This will help any renter with living cost to afford the rental unit.  

I understand wanting to stand up for the principle of the matter, and even though I know better, I get a little frustrated when a tenant pays the rent after the first. 

I want to add a few high end properties that I would not afford without the income from those properties, and I have not been able to find any lender willing to look at future income from vacation rentals.

Yes, owning affordable/low income housing is more challenging than your typical A or B class property, you will experience more repairs, turnover and maintenance. 

That means less headache and better the cashflow.But on the other hand, if the deal falls apart you could end up with a quite frustrated tenant.

I am soo frustrated and feel as though I have got to be missing something.

The developer was applying for local funds to facilitate the creation of affordable housing.  

A few examples of people who seem to have good strategies for a market in flux: Show 2 with Karen Rittenhouse on “subject-to” deals, which seems like an excellent strategy in a market where homeowners may have just lost their jobs and can’t afford their mortgage, but want to stay in their houseShow 19 with Tracy Royce, discussing short sale strategies in great detail.

I don't really know about financing, I tried to get a equity loan for a property,  that I couldn't afford, I had the first two houses all paid and tried to get a loan for a third one that I liked in a very good area of town. 

This area is a very affordable place to live but it comes with not much appreciation, job growth or population growth.