This is the bank I worked for, and we were constantly kicking contractors off the program for not ensuring the people creating the loan were actually authorized to do so.I'd say it can be a good investment if it's something that your market can support, but in general think of it like a pool.

Several years ago Orientals where driving the West Coast markets for totally different reasons: to get a green card, there is a program where you can get one if you invest a certain amount into real estate.

If you click on the company link in @John Warren signature there is a document which is called "financial terms" and it breaks down the differences between 3.5% and 5% programs including fees and loan limits

How to practice analyzing deals the right way so when a deal comes along I don’t have to second guess myself and pass up on good deals because I’m not sure.Also I want to know how to analyze different markets to determine the which fits my needs the best.Thanks in advance for all the tips!!!

I currently have 2 section 8 properties with great tenants but the program sucks. 

You should look for ways to mitigate your upfront costs as much as you can including securing the property itself.Bulk PurchasesIf you're renting from a property management company or a landlord with several properties that fit the profile and are in the right location then you can offer to do a bulk acquisition and to waive the security deposits and other costs.

I have not been able to refinance either since banks tell me they do not provide loan programs under 90k. 

A property manager who can educate you on a market, help you form a strategy, fit right into your due diligence process, and execute on a clear takeover game plan as soon as you hold title.There are many good investment properties with great cash flow even after all expenses are calcuated.

I am currently in the works to use the NACA assistance program to acquire the property.

Property and Loan Details 3 FamilyLocation: New Britain, CTPurchase: $123,000Rehab budget: $55,300Down payment: $18,450 (15%)Loan principal amount: $104,550Total Loan (principal plus rehab): $159,850Appraised as-is value: $125,000 (pre-rehab)Appraised ARV: $255,000Loan Terms: 9.99% for 12 monthsInterest only payments each monthPoints: 3.5FinancingThe hard money lender had a few programs.