I want to learn from this, can someone provide some feedback here and advise on some other avenues I could have taken (when private money isn’t necessarily an option).

Then read & react appropriately. 

The information contained in this post is not to be relied upon.

As we've seen since you posted this, you don't want money you need short term to be in the market because it can go down significantly on any given day.Keep perspective though.

Does this confirm the fence is on theirside?

However this new feature shows my payments as income to me.

You will be well served to enter into this strategy with as much knowledge possible on how to maximize rent with section 8, how to vet tenants, especially if you're going to be sharing a building with them, and to do a reality check of whether your strategy will really work.

Hmm...those BP reports sure are hard to read, but based upon what I can tell here is a summary of the deal:ARV - $200,700Are you sure about this ARV? 

Read a lot of books, and am looking to put my knowledge to practice.

I've been thinking about this route myself.