The second scenario sounds like it meets that requirement if the all in costs include rehab costs.

Most of the houses I have looked at are new construction since a good amount of the sellers are offering a buy down towards rate or closing costs which is very appealing for the first property. 

Is it common for a house flipper to pay a buyer's closing costs?

This means that not counting closing costs, the same down payment can purchase 5.7x higher cost property purchased  local OO. 

I currently own rental property in a high cost state, and I've never used a management company.

Hopefully, you already have a general sense of estimating repair costs and calculating ARV.

We see the average Sect 8 tenant occupies a unit for 7-8 years before making any moves reducing turnover costs.  

It sounds like getting a crash course in screening and placing tenants, managing rent collections, and getting rid a problems could prove to be a costly education for you.

They are weighing the cost of fighting the "quiet title" issue, what they are going to get at auction, the time frame of getting the property to a sale date and the cost of carrying the HOA fees, the property taxes and the homeowners insurance during that time frame.

No depreciation is being claimed.RentingFamilyMember has a few questions, which may be mutually exclusiuve:(1) Can RentingFamilyMember just quit filing Schedule E altogether and call this some sort of cost sharing arrangement?