Hopefully the OP will get such from the seller!

I lived in southern California continuously from 1988 to 2005 and see some of what the OP's adviser was talking about.  

But, from the phrasing of the OP's post, he likely doesn't know the things to look for that most note buyers know.....like another thread here where someone is buying a note for $2k, then finds out there is over $20k in back taxes and city code violation liens, on a boarded up house in who knows what condition, and quoting value off of neighborhood comps(in perhaps good condition?)

@$$$ Yes, but a basic grasp of punctuation is greatly appreciated.As for OP, Section 8 experiences depends on the housing authority.

@Andrew S.Unless Even if the other units have ducting outside of the conditioned space, I fully expect the OP will see a substantial difference in utility consumption to maintain the living space at the same temperature as the others.However, before ripping out and relocating the present furnace, it may be possible to encase it in a heavily insulated box and thereby mitigate some of the loss presently experienced.

My experience with all the Atlanta REIAs is that there's more new investor training and meetup ops at GA REIA and they have the Deal Makers email list and the once a month project house meet up.Another 1st hand experience is that you'll need to dedicate several nights a week and half of your weekends to education and networking.

Might be pretty tough for a newer investor to pull off, but certainly doable.I think the keys for the OP are that he needs to be sure that he can perform and that he needs to be certain that each unit can be released from the seller's carry back mortgage.

I think the area that you and I may be missing each other is the OP's question stated he would be getting financing on the original purchase.

Some are deadly to some people.The OP states that it appeared that water sat for some period of time.

That could be a huge liability issue for the OP, especially in the warzone ghetto.