They have a short term rental specific program that saved our bacon. 

Most lenders will require you to be on title for 6 months but I've seen programs also that allow you to refinance 75% of the purchase price + documented repairs. 

To increase savings rate I'd get another roommate and search for a functional beater on CL or Offer Up or some form of private sale. 

I am very familiar with genes program however in the state of Virginia becoming an assisted living facility is asking to be harassed by the department of social services. so I do not want to provide care for seniors.

Matt,The less than 50% occupancy and the 100% financing (no money down) would be issues for programs that I am familiar with. 

Hello All,I am a Masters student in a Systems Engineering program.

@Antonio Daniels 1-there are no different standards for screening...what you will find is that they will likely not meet your earning requirements (like 3x rent)...so you have to make exceptions...they also have very colorful backgrounds for the most part...after screening hundreds of section 8 tenants, definite patterns will appear...if you have a credit score requirement, odds are they will not meet there either (but there are fantastic voucher tenants out there as well...I've rented to nurses and other professionals with a voucher do to having a disabled child that needs a lot of services)...the one thing to be aware of is not treating them differently because they have voucher...2-The inspection depends on local authority, but the standards are the same...this is a federal program...so Housing Quality Standards (HQS) is the guiding document...how an inspector interprets that is another story...https://www.hud.gov/sites/dfil...3-Usually you will only have recertification annually, or possibly at an income change or a request or complaint...4-100%, it's one of the best sources of long-term steady income out there...I'll take a section 8 tenant over a white collar A-class tenant any day...plus you are helping to house the most vulnerable and underserved population out there.The bad things you hear about section 8 are from folks that do not understand the system and how it works, or want to be slumlords and not take care of their properties...or are ill prepared to deal with people in general.

We finally found out the issue: when a user goes in to the program to obtain a rent estimate, they are able to input the address of the property and the number of beds to be offered.

Final walkthrough- just check everything is functioning and charge for broken not wear and tear like painting.

Have you tried using a program like QuickBooks or has the folders been sufficient?