That is if the house is owned free and clear along with being purchased with 100% non-financed cash.

I think there good and bad people in S8 and non S8.The issue is you have to deal w/ the government, which is (of course) slow.and the market rent tends to be less.I have heard that, since this is an entitlement program, that you will have drama. again, comes down to screening.I would think S8 tenants would want to do good as they fear they can lose their voucher.

So my question is this, how will buying a (non owner occupied) rental property first, impact buying a primary residence later (hopefully in a few years) with a low percentage down or first time buyer type loan ?  

Buyers depend on a thorough in depth home inspection and a good faith disclosure on the sellers side ...what is my recourse for remediation against fraud. Pembroke Pines FL  

If she is not a US citizen then there are some other very stringent rules regarding non-US citizens and doing 1031 exchanges.  

Finally, no baths on the 2nd floor, where all the BR's are would be a non-starter for me.

There are lenders out there that offer non-conventional 30/30 loans for investment properties.

Bankruptcy trustee will abandon property unless there is non-exempt equity there, and doesn't sound like there likely is.  

I'll post more in depth next week after we sign the lease this Friday but we're helping a local non-profit coffee shop that employees aged-out foster youth. 

I've paid an FHA appraiser to do a 20 minute preliminary, non official, inspection to catch things I may not, prior to the FHA appraisal.