Fact is that if a C-class tenant wants to break their lease 4 months into a 36/mo lease that paper ain't holding them there & there isn't really anything the landlord can do about it.

Here is what I generally use in Memphis for my ratings:A+  no cashflow whatsoever if you bought here, good appreciation, great schools, larger houses, beautiful homesA great neighborhood well kept mostly all homeowners, more likelyhood of appreciation, not as great of cashflowB decent area but some homes are not perfect, quite a bit of renters but still homeowners, decent cashflow, decent/some appreciationC Very few homeowners if not any, more run down houses, good cashflow, very little appreciation, D&F  Warzone, dont event want to get our of your car, lots of boarded up houses, cashflow looks amazing on paper 2-3% rule "on paper" ARV < $45k

Do I have to fill out paper work to make it non section 8?

Return on paper is very different than returns in real life. 

.- Paper products such as toilet paper, a bag of paper napkins, 1 paper towel roll to start them off.

I haven't done any deals yet but I would encourage you to network on this Forum, go to the next CCIA meeting (your local REIA chapter), and listen to the BP podcasts with a pen and paper.

If I add debt, lets say $1 million in real estate and use the $300k as a down payment, I can reap the benefits of a monthly cash flow plus, if that $1 million in real estate appreciates even 2%, I generate $20k on paper.

My problem is the contract stated that one unit should be vacated on or before closing, and closing was originally 5/1..Here it is a month later and my agent tells me that the tenant hasn’t moved, and an eviction hasn’t been served and that she’ll sign a paper saying she’ll be out in 30 days, which I don’t believe.I don’t know if I should close with the tenant still there, or delay my closing until the tenant is evicted; is it possible to delay closing this long?

. :)Of course, on paper, you do indeed flow more cash with time. 

And that's before they get to that master bathroom with the toilet smack in front of the double vanities, the mirrors that are out of proportion for the wall, the stickers still on the shower doors, and the roll of toilet paper with no home.