Money is a huge advantage when investing, any dummy knows that, but without the passion or compelling enthusiasm one has for RE you will barely ever make money.

@Ethan BrulandI'm thinking through the numbers as I type this, so bare with me. 

Then subtract your transaction costsThen subtract your desired equity capture (say $15K as a bare minimum)That's your maximum offer price.Then check the rents comps to see if your projected rents * 90% (vacancy factor) less PITI, less management/maintenance/reserves/etc. is greater than your desired cashflow. 

@Barbara G.Yes I would say $1300 is the bare minimum.

Hello BP members,We are starting out with a single family home which is built in 2011 and barely used.

the price definitely sounds dirt cheap enuf to jump on, considerin around here that house would be listed at like 20X that and yet the rent, barely 3X that =L

When I see that a podcast is barely 60 minutes long, I'm not gonna lie..

Its barely noticeable at first.

I'm looking at the market rents in the fruitvale area of Oakland, it appears that the market rent is increasing for Oakland as a whole, but what are the neigborhoods like since most of the properties are C- to B-.  Are

So, even the applicants who barely meet your requirements may seek alternative means to live someplace else- even if it means being dishonest to do so.I think you're wise to go with a voucher program given your description of the place, but I would suggest modifying your requirements to obtain a better quality resident.