Bear in mind that most of these types of deals are limited to accredited investors.I also found some pretty interesting videos about the topic on youtube.Best of luck!

Follow your state’s guidelines to send them their damage list and receipt within the required time limit to inform them they will not receive their security deposit back.

Based on your income you are going to be limited to a purchase price of $200,000 or less. 

It has been often suggested here and elsewhere to pursue something that keeps a toe in the water of the working world, as it limits the downside risks, and could turn into a fruitful enterprise for post-retirement.At the request of a friend and BP associate, I've been asked to provide expert opinion and electrical analysis on residential properties that are either on the market, or recently sold through his brokerage, as there are many customers who want a deeper look at their electrical system, deeper than what a typical home inspector will do, but they are not ready to ask a contractor to come out and simply give a blank check to 'fix whatever's wrong' (famous last words).

Sky is the limit.

The difference is, you have some control of that risk in real estate.

This may allow you to obtain control of the property more quickly with less risk of serious damage done by angry tenants. 

Then there is the, what if your situation changes and now your limit is lower all of a sudden and you are mid purchase or mid renovation. 

Looks like a nice town, but one that probably has limited economic prospects.   

I think the limits only apply to what the Section 8 program is willing to pay, not what you can charge.