You can also seek out a 'Qualified Opportunity Fund' which is basically a syndication with the underlying asset being in one of these zones. 

Lender requirements actually vary a great deal on rent verification, but at the basic no overlays level I'd say about 85% of FHA DU findings come back with "no verification of rental history is needed."

Basically, you are doing your due diligence and finding the best tenant for your property. 1 bedroom units are the hardest to find for section 8 voucher holders and I believe there are over 19,000 voucher holders in SoCal.

Below is a link to basic info from the city site: https://city.milwaukee.gov/DistrictSevenCLO/Landlo...

Then we’ll basically have to pay closing costs again selling it right after.

Is it basically like evaluating an apartment complex?

Basically pool their money together and he would manage the fund.

After they are finally out I can take them to court again to try and collect my rent and any damages...Basically this process is a lot slower than I thought.

I would basically review the quotes, follow up with the subs via phone calls to make sure the scope is the same for all subs and what I was looking for. 

I don't know exactly all the steps for each of the calculators, but I think you would get a lot of value by starting with some basic calculations and learning those first: Income, Cash Flow, Cash on Cash Return, Cap Rate...