good luck I bet you saw some nice little older bungalows that would make for nice rentals in that area as well.

Your best bet would be to get an FHA loan.

I bet it is worth more than 0.  

I did get a copy of the 90-day notice that they sent to the renter a month ago but after speaking with the renter, it seems like the owner did not notify SEC 8 with the same notice.At this point, after all the advice you guys have given, I feel like the best bet might be to get both the renter and section 8 to honor the original 90 day notice and forego trying to collect the remaining 2 months' of rent. 

I tend to agree that my best bet is to find something off market and I'm working on building up a network that will help me get eyes on some of those deals. 

Live and do something based on the present mostly with a little bit on the future of what you hope.Do not bet on anything about the future beyond what you have learned from others like the Chamber of Commerce locally about developments that has been City approved but has not happened yet.  

She specializes in kitchen and bath so I know she knows cabinet installers but I bet she knows others as well.

These houses sold for $100k+ in the past so there is space for both cash flow and appreciation.Inventory is getting tight in my target burbs so I'd say move now and see how it goes, it's a small bet at these prices.

I know some people like "Travel Hacking" and I'm willing to bet there are fellow travel lovers on here who do this regularly.

So in the last few years asset prices have doubled, while rents have only gone up a bit (so basically CAP/returns have fallen off a cliff since everyone wants to own in Montrose)Better bet would be to go a few miles east.