Good Luck with whatever you choose but the most important thing is that you have options.

Hope that helps.Lori Thanks Lori - How did you choose those markets?

While others may choose to use more creative financing techniques, I have found that when I do the numbers, many of those techniques reduce cash flow to the point that a great deal is hardly even a good deal. 

At that point you can choose whichever market youd like because there are people going into foreclosures everywhere.

Total number of beds is 82.95% of my renters are contractors at a local refinery. 

Where I am from (Delaware) a 3 bed 2 bath can rent for 850 a month.

I personally find sec 8 a difficult program to incorporate within what I want to do as a landlord and am not interested in the program, you can either choose to or not to.. you can search many posts here on BP about sec 8 .

I would choose option 3.

I hope I'm not too late to the party.My first deal is under contract.  3 bed/1.5bath. 55K cash. 

Either titled directly in the trust or as a beneficiary of whatever other entity you choose to title the properties in ... land trust, corp, LLC.