Go to meetups in your area to meet other investors who invest in Section 8 rentals to see if that's the type of property and management style you want.

Currently prepping a new property in Arizona for the rental market and seeking advice on planned updates:Considering upgrading laminate countertops to quartz for durability and aesthetic appeal.Freshening up interiors with a repaint.Looking for reliable washer and dryer units suitable for rentals.

What is your management style - hire PM or manage yourself? 

A minor kitchen remodel includes replacing cabinet door fronts with shaker-style wood panels and drawer fronts and adding new hardware.

Olu - Assuming the geography and style/type of building fits your criteria (others have made comments that you should consider) the other part of this discussion on whether this is a "good deal" is the ability to increase the NOI of the property over time.

Another thought is converting my Cape style home to a multi family.

One option is to fix it up & then borrow on the equity sort of BRRR style.

I can’t say that I’m familiar with the style of foundation that you have but from my experience, concrete cracks.

I hope to find a suitable property.

I usually schedule an open-house style showing on a weekend, collect applications from interested parties that day so basically at the same time, and pick the most qualified applicant (the first one to apply who meets the criteria clearly listed in my ad, whose employment and references check out).