I'd love some thoughts, or info on how I can evaluate an opportunity that has come across my desk...is this a good deal, or what would you do? I also don't have experience with Section 8, so any insight there would be appreciated! The house is a 3/2 1348sqft, fully renovated, turnkey; Comps are $170k ($120/sqft); Tenant is in place and has been for a year, and just renewed for another year. Section 8. Property Management fees are $50/mo and that includes liability insurance coverage; Taxes are about $4k annually; Off market, asking $150k ($111/sqft). I would need to do a DCSR and then cas-out refi. Current tenant is paying $1500 per month. This seems to be very tight margins, but as a buy/hold value would increase. I am just not quite sure how to evaluate this and make sure I wouldn't be upside down.