Looks like HUD might be looking to make Section 8 and Housing Vouchers less difficult to accept by initiating listening sessions across the country. 

So while it would suck for me, it doesn't mess up the initial reasons I bought it in the first place. 

There are some great deals.Then Meridian is your next best bet., There are some good ones I have seen in the $250,000 range for a single family home.

One of my rentals in Cleveland I was to the point of renting, twice.....below market rate and the tenants backed out at the last minute when they said they didn't like this, or that.......I advertised on GoSection8 and found a renter that met my qualifications within 2 days....I told my PM, No Smokers of any kind, No Pets, No Evictions, No felonies, and they have to already have the voucher in hand.Oh, and I'm getting more rent than I initially thought I would get.......PLUS it is a nice hedge against (the next upcoming) recession because I won't have to worry about them claiming they can't pay the rent because 92% of it is paid by Section 8. 

I’m sure there are other things I’m forgetting at the moment.We have some cash on hand and a soft offer from an investor, though it won’t be enough to purchase the house, it will cover furniture, lawyers, inspections, and other initial setup costs.

If so, I think they'd be a safe bet as a tenant since they won't have the mortgage payment anymore. 

Initially it seemed using the FHA for my first buy and VA for the second seemed like a good idea but with the PMI and other fee's associated your suggestion of going VA is what I will very likely use.

I bet your cash flow would be closer to $300/door, even at the asking price.

@Kevin CrawfordWhen trying to determine flood insurance rates in Sacramento, your best bet is to call your insurance agent with property address and tell them you're considering buying it and want to get an insurance quote from them for the property.

Hey everyone, piggybacking off the initial post.