Those numbers would leave a landlord bleeding cash under the inflation rates we have seen in recent years.

Our current interest rate is 4.875%.

Is the rent rate accurate?

Many carriers will not insure someone in this case at all, and the ones that do (if available in your state) will charge dramatically high rates, think $10-$20k a year for a policy.

Any lender can throw around possible rates, but that's not the same as getting you qualified.

This may be due to a misunderstanding of existing options.FHA loans: Require a 3.5% down payment for investment properties with multiple units, but you must live in one unit.VA loans: Offer 0% down for veterans, but again, occupancy in one unit is mandatory.While some private lenders might offer lower down payments around 15-20%, they typically come with stricter requirements and higher interest rates.

Frankly, we prefer market rate residents so won't rent to new Section 8 residents but are happy to keep the existing residents that were already Section 8 residents.

I'm curious to know if anyone is finding properties that cashflow in the area especially with the current mortgage rates?

Look at crime rates, school districts, would you live there? 

You need to be able to prove you're an expert on property condition, rental rates, ESAs, Service Animals, Landlord/Tenant legislation, etc.