The local banks have shut down, and only the larger banks have locations here now, and not interested in lending to people to buy or flip these buildings. 

You do got a lot services for the small fee though, so it is still a wise choice. 

Consider making your new lease expire in the spring or summer (a 16 month lease, or 18 month lease) ... explaining that it will be better for both of you as far as them having greater choice -- and explain that's also a reason they're getting such a great deal on rent!

The other half are 3 bedroom and larger, they are priced accordingly like the 2 bedroom houses. 

And if you add in other major mechanical things...it might run up to $10k...also on the lower rent range you will need to have a higher percentage because while a roof's cost will vary by the size and class of the property...things like heat and air and water heater and appliances are relatively fixed therefore being a larger percentage of your rent.

By my choice." 

You are not stuck with section 8, your property your choice.

Such a vehicle is designed to operate from a tax perspective exactly like any other IRA, and simply opens up your investment choices to include things like real estate.  

Brick is the most pretty choice, but also the most expensive.

For example if I am buying a larger house in a smaller neighborhood, I will use one of the more expensive sales in the neighborhood in ad on 15K or so as a bare minimum comp.