It is always a frustrating experience reading a thread like this because you simply aren't asking the important questions and making several key assumptions.1.

Cheapest house in the best neighborhood you can afford. 

How about the opportunity cost of all those wasted resources, the years spent learning what you could've learned in months, the money wasted on the mistakes made, and the frustrations and unnecessary roadblocks added on the road to your dreams and goals? 

New to BP, day job as a commercial lender in affordable housing, so relevant experience.

Trying to pinpoint a market that would bring cash flow that I can afford.

My biggest worry would be the HOA fees going up once the suburb is complete right now they are low or none existent.I feel like everything just outside Asheville is doing well because it’s alittle more affordable.

The work will pay off this market is frustrating at times for buyers but it will all pay off!

I have been a Realtor for about 4/5 years now and have a decent amount of liquidity saved up (just under $100k) to be invested into my first rental property.To be honest, I have been considering buying Section8/Affordable housing properties due to their "guaranteed" rent/tenant stability. 

I understand that they can be dangerous from the perspective of historically they were predatory and people purchased properties that they couldn't afford, getting hit hard with the intro interest-only period of 5/7/10 years expire... but I see it as a flexibility option.

You may need to focus on a less expensive single family of maybe a duplex in an affordable market but a decent 4 plex will be out of your price range.