You can do this with the syndication model where you acquire real estate using capital provided by passive investors.

Here is our experience:  There is considerable potential to manage a yield-bearing asset, but as @Alice V. mentioned, insurance costs have soared, to $1,250 per door.  

What I remember so distinctly about acquiring the first rental is how there were a lot of documents and signatures, but no actual money at the closing.

My experience is that condo associations typically charge so much in monthly HOA fees that any potential investment income gets eaten up by that fee.

Are you acquiring properties this far out because the numbers look ok and the property is available and the seller is willing or because there is a guaranteed spread in it for you?

@Tianbo Li  property managers dont usually have time to takk to folks that have not yet acquired property but feel free to DM me.Each And every Section 8 office is run differently.

@Chris Marette, take this with a grain of salt, because the only times I appealed appraisals were before COVID.In my experience, if you stay with the same lender and you get a second appraisal, the best I got was an average of the two appraisals.  

Legally they can't be shopping for a quote for you but they can definitely share a few contacts, especially if their past clients had good experience with these specialists.

Would you say the negotiating part is something learnt with experience?

I do think your experience is relevant to this thread.