If I owed property in C / D or worse neighborhoods, I would expect worse credit, but I don't have experience with these locations.

You can do deals as a principal even if you use the B/D or RIA regime. 

You are many, many years to late for those prices unless you don't mind D or less areas. 

Sec 8 has it's place,  A) if you are big and can afford to specialize (or subspecialize) in it or B) you are focusing on an D or lower area where the market renters are going to be even less reliable and and even more hassle than the government.

@Antonio Martinez so, as you know, this property is dirrrrrt cheap, which leads me to assume this property is in a very rural area and/or it's a is D or F grade property in a D or F grade area.   

I've seen some vacant lots that are listed"08-Multi-Family-Less Than 10 Units" as land code use in the MLS, for example, but when I look up the Classification/DOR code in the county records the same property is listed "00-Vacant Residential"... so if it's classification is "Vacant Residential" will it change to the "08-Multi Family-Less than 10 units" once it's built.

., knows what they are doing) at H-D or Lowe's. 

Here's step one from AirDNA's site: https://www.airdna.co/airdna-d...Or you (or anyone reading) can DM me and I can help with understanding this. :)

Some people buy the D or F grade stuff in hopes they can just sit on it until the A grade development comes to their area. 

:D Or at least in my case.