Never had any major issues with it besides routine maintenance (tires, oil changes etc).  

@John S Lewis - Cap Rate is essentially your profit after expenses divided by the cost you paid for the asset.

If you live in one unit and rent out the rest, you'll likely cover your entire mortgage and housing expenses, meaning you essentially get to live there for free!

I understand then I'll be paying two loans essentially, one for the down payment and the other on the mortgage.

Seeing a person struggle to make ends meet making the minimum wouldn't make me shake my head, but that's me and I can't speak for @Roger S.When oil crashed and people were losing their jobs around here, there were people who owned $300k houses and were paycheck to paycheck and couldn't afford their mortgage...that's just terrible money management.

Essentially everything but collecting rent.

Also, what's the point of a inspection company and 4pt inspection that covers essentially everything they are asking for? 

Meaning we cannot just provide the bare essentials to this new block of renters.

Unfortunately, many Section 8 tenants are essentially judgment-proof because they don't have the means to pay for damages such as this. 

In fact the city is growing at a rapid pace and striving to diversify its job growth from being known as the "oil & ag" town.