While this isn't ideal for investors (cash is king), it may still be fine very long term for your overall net worth.You could also consider mortgaging your current home, going through the voluntary foreclosure process on the rental (continuing to suck in rent as long as you can) and simply becoming a cash buyer for the next 7 - 10 years.

I'm not familiar with what to look for in the unit to ensure gas/water/electric lines have ideal access points for sub metering accurately.  

Wow this is absolutely Disgusting how you  people are judging others just because of there financial situations you don’t know why these people are on section 8 or what they endured in their life you cannot sum everyone on section 8 into 1 category I’m sure some of these people do fit the section 8 stereotype but I deal with these people daily and most of them are just trying to get by and care for their families and just need some help due to “individual” hardships so now I will do what you judgmental jerks did and assume your all idiots because the facts are that they cannot pay the difference as the guidelines state in almost every Housing Program you all should be ashamed of yourselves for judging people on financial status alone most of you are probably rich greedy swindlers who made money scheming or had it handed to you secretly spending your kids tuitions on drugs prostitutes and who knows what that being said do some serious soul searching and this does not apply to Scott because he actually seems decent it’s you other fools that need checked

Ideally you buy the in the LLCs name to start with.

I do my own property management currently, so full service turnkey is not quite ideal as I don't need the property management company.  

Lets say it doesn't have all the utilities or there are other issues with the lot then you will deduct those cost from your ideal purchase price of $125,000.

What we've found is that, just like you and I, the first place everyone goes when their motivated to find solutions & answers is online, even when they about to lose the house and have direct mail laying on the dinner table.Online ads are ideal in many ways because you can target the exact type of client you want, in the exact area you want, when they are motivated, and usually for cheaper than other advertising forms versus time and return.  

Hi Jean,Good news... there are lots of resources (like BP) and I would check out books on the topic (lanldording, ideally for your scale)...

Ideally, the association manages the premises and finances (but the reality may be not so much...)The declaration by laws and such are key, and they prevent all sorts of things (like you working on items outside your unit or even renting your unit).

I want to have a general idea on what I am going to do about financing so when I really start hunting hard when I am getting ready to move back, I can take action.My father is on board, and willing to co sign on a loan, and provide some extra funds if needed, but ideally I would be able to do it myself.