Turn Key provides built in relationships but there are draw backs to that approach( you will typically loose a lot of your equity capture as that becomes the providers profit and not your wealth).

It seems like an OK plan, but I'm wondering if there's a more organized approach to take.Thank you!

I'm not sure what the other owners want but I was looking into it because as a potential investor, it was brought to my attention that the road was not maintained by the city/county.

Please let me know what questions you have and any more info you need.Here are the inputs:Purchase Price:  $171,000Interest Rate:  5.125%Down Payment:  15%Total Amount Brought to Closing (down payment and closing costs):  $22,875Gross Rental Income When Bought:  $1,050Gross Rental Income 1 Year Later:  $2,450Monthly Water Bill I Pay:  $83Property Management Fee:  Assuming 10%, but I manage this property for now, so for now it is 0%.  

Welcome @Joshua NapierSounds like a good approach. 

I have been approach by a person who knows that some of my investments are in C-D class areas and that I am familiar with Section 8 properties.

Before I contact the owner, I would like some feedback from the BP community on how to approach him.

Been wanting this approach and they decided since it doesn't look like I plan to slow down anytime soon that this was the right opportunity to change strategy.Thanks,Take action and I'll see you at the top!

How best to approach this?!

Financing is not something to take a cavalier approach with.