I like section 8 because working with lower income housing means a difficulty in getting rents.  

And if the report has issues you can see if your seller with A) Repair or B) give credits/agree on an even lower price for the property.Realtors don't typically find me deals - I find the deals, run the numbers, etc.

It is a C class building - good and nice location for what it is, but primarily caters to lower income residents.

Looks like it might take a bit over 2 years to breakeven (ballpark, maybe longer) on the loan/closing costs of a refi to benefit from the lower monthly expense.

@David Hurt I am on your team as far as putting the usual expenses on credit card but that is exactly why i fear that my available credit will always be on the lower side unless we *sigh* get more credit.

The smaller price ranges things get more cap rate compressed as buyer pool gets larger and accepted returns lower.  

The overhead in the south I think is generally lower. 

My wife and I are tossing around the idea of building a new duplex so we can substantially lower our housing costs.

Also, if my credit score is lower than the other member/partner that other member must be president.

That situation likely won't work out - I guess I was just curious if anyone had made a deal with a seller for a lower purchase price (subsequent lower DP) with the incentive of a profit/equity share.