The goal is to do profitable deals without risking total failure. 

Why are you refinancing only $50k out instead of your total investment of over $68k?

Hey Stephanie, If I am being totally honest I think you should hire a property manager.

I love the seller financing model because if the property is owned free and clear, there are no banks you need to deal with and for the sellers they will receive more than the negotiated purchase price once factoring in the interest payments and they can defer having to pay the capital gains.

But better yet, do a deep search on this very Forum and see what actual S8 Landlords have said about this.Rental Pricing RegulationsRisk of Renting in Lower Income AreasRestrictions of Section 8 TenantsDon’t Receive Voucher Payment Until Tenant Moves InHUD Does Not Pay Security DepositsAnnual Property InspectionsPotential for Difficult TenantsProperty Damage IssuesHarder to Evict Difficult TenantsFull-Paying Tenants May Turn AwayDifficulty Selling Properties to Free Market

Feel free to reach out to me directly, I can connect you with mine.

Sometimes I can and other times I can't as the face of our company, but I totally get the desire. 

.- HELOAN option - There is a small chance that you can pull out the equity using a DSCR HELOAN but make sure to calculate the blended rate and total payment before moving forward and comparing that to a full new 30-year fixed loan.

We are considering taking out the required cash to make up that total from our savings, brokerage, and 2x TSP loans from our individual accounts.

Feel free to DM me and I will hook you up.