How will you market the property?

@Freddy HernandezUtilities are based on whatever market you are in.

Hey Jose - if you're working with $15k i'd examine your local market to see if there is an opportunity to house hack if you want to work solo.If you're opening to partnering - I'd reccomend attending your local REIA meetings to see who is looking for a partner / capital.

Would sec 8 decrease the rent to the calculated fair market value of rent or at worst case scenario remain the same and sec 8 decline the increase?

An investment that is in many companies, reducing the risk of complete wipeout of the investment.Chances are these people you are referring to are invested in a broad market fund, and not in a highly volatile industry specific fund. 

I've lived in Pittsburgh my whole life and being that I'm in an out of properties every single day, I really know the market.

You can invest in any market selecting the ones that you believe are seeing the most growth, and do it from anywhere.

@Mayuresh Kshirsagar Detroit is one of the best markets in the Midwest right now!

Are they paying market rate?

He would negotiate a below market interest rate with the seller of say 4%.