The ARV for the property or the rental rates once done if you plan to keep the property.

I'm wondering how people go about leasing their section 8 properties when max rent allowance for a zip code is significantly higher than market-rate (non-subsidized).

If I go to rent it out at some point that's a negative cash flow of nearly $1400 assuming rents and rates stay the same.

I could get all my money back out (except closing costs) if I did a 80%LTV, however that would be at a 9% interest rate unless I decide to buy down the rate.

Pre-Housing Crises (pre-2008) interest rates for investment properties were 6.5%-7%.

Now, if you had not bought the note at a discount or the asset had dropped below what the note was worth and somebody was making timely payments would you call the loan due even though you had the right? 

If the repair is to large or the problem to complicated to fix easily I would drop out of the deal.

I refinanced to a mid 2% rate a few years ago and did not want to do a cash out refi.

What if you can't refinance due to appraisal, market conditions (interest rates, outside "black swan events" like COVID, etc.). 

The NYT stated the following:Home prices are slated to drop.