Be prepared to wait several years before exiting the deal.2) Check the zoning and deed restrictions on both lots. 

I hear him answer it all the time, "Well our rent to own program requires a more substantial down payment then section 8 usually provides. 

It doesn't require an attorney, just an attentive title company escrow officer who prepares the documents and handles the funds necessary to complete the transaction. 

I'm not saying walk away but make sure you do the numbers extremely well then do them 3 more times and always be prepared to walk away.

The low money down and the ability to utilize a 203 B or K, that program is pretty nice. 

One month being accounted for in your 8% and one month for release fee.. and then figure 750 to 1500 at the same time for a turn over.. these units given the tenant base will take on a lot of more wear and tear .. so be prepared for that.. 100 a month can get lost pretty quickly.. what is the upside..  

Yes there are programs for investment properties.

I was originally looking for value add opportunities but my loan program is pretty restrictive so I dove in but Im a bit skeptical.

Incorporate "The Millionaire Next Door" and "The Total Money Makeover" by David Ramsey into your reading program.

Luckily the company I worked with will do all the plumbing, electrical, interior walls and finish for us so we just need to prepare the foundation and hook it up.