A few things to keep in mind:Section 8 requires the property to pass an inspection based on HUD’s Housing Quality Standards (basically making sure it’s safe and well-maintained).The rent you charge has to align with Fair Market Rents (FMRs) in your area, so it’s good to check what similar properties are renting for.You’ll still be responsible for maintaining the property, but the upside is that a chunk of the rent is guaranteed by the government, which can provide steady income.Check with the local housing authority about any specifics for your area—every jurisdiction does things a little differently.This could be a great niche if you can find a good deal on the land and make sure your expenses (like maintenance, insurance, and occasional vacancies) are covered by the rental income.

You can also horseback with a single family...it's completely a personal preference based on what you are comfortable with.  

You get to have renters pay off your mortgage and live rent free in most cases.

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Depending on how much you'll like to contribute to this retirement account keep in mind the self employment taxes you may need to pay of 15.3% and age if contributing to a traditional not roth type retirement account.I agree with the above based on your answer you most likely won't have issues in FL.

That would give you the base for how to start estimating rehabs.

We were able to free up some capital so in the end we decided to keep the assets. 

., new renovation, outdoor space, free parking, in unit laundry, extra storage, utilities included in rent.   

You value it based on yearly income and cap rate.

Quote from @Nick Bednarczyk: Based on a refinance rate of 8.5 %. the numbers do not work to you advantage.