The deal is as follows: Eightplex in Hickory NCAsking price $210,000 (trying to get it down to 150-170k, but am using 210k for the numbers) Gross rents: $2,900/month or $34,800/year (Between $330-400 a door) Tenants pay all utilitiesI am requesting a 1040 schedule E and the T12's from the seller, but for now am forced to use the 50% rule. using that, operating expenses are $17,400 NOI: $17,400Cap: 8.28 Debt Service: $8,700Equity Dividend rate: 16.5% The area isn't great or terrible, probably a C or C+ area.

I can't get va or fha financing due to "continued employment" Any advice?

I'm thinking of a scenario where I have an investor who wants me to operationally run the flip, but they don't have enough cash to be the full lender.

The talks have continually sparked my interest in the subject and I am wanting to move towards investing.

How do I go about putting this deal together and would section 8 continue to contribute to the new payments?

Will continue to study and ask questions.Again, thank you for your help!

My wife and I operate an internet based printing company.  

Imagine a similar property operating to market.https://www.biggerpockets.com/forums/432/topics/34...Let's look at it from the market's perspective.

I wish you both continued success and thanks again for the input!

Or should I continue to let them stay there at the current price without doing any updating/repairs and wait until they decide to move?