Do not let your emotions get involved.

I'm assuming the amount of human involvement is lower than renting to tenants, but I don't know what to expect on insurance, taxes, management fee, common maintenance etc.Thank you

Now, I feel so much more engaged and involved, its really helping me absorb a lot more information!

I also feel called to service and so I’m involved with a local church. 

@Michael Johnson There is A LOT of paperwork involved in getting the unit accepted for a CHA voucher (in fact this is one of the downsides that hasn't been mentioned, but one small error in the paperwork jeopardizes the timeline for getting a tenant to move in) but one area you have to fill in is the "requested rent amount".

However, I dont know what that looks like for small Investors such as my self.I know most group investment stratigies involve laywers, and be an accredited investor.

But  most of those repairs with the exception of electrical would typically be non permit repairs. maybe someone else can chime in but I would assume they  could be repaired and then just call for an inspection. can you call the office and find out what will be involved in clearing the violations and if there is any fees or costs associated with doing so?

It involves ONLY cash, and is ONLY calculated for the first year.All cash, and ONLY cash, that comes into your pocket - expenses = CoCRAll cash, and ONLY cash, that comes out of your pocketROI can be whatever formula you want to use, based on whatever incomes or profit you want to declare. 

I really love real estate and the benefits it offers to everyone involved, or even those uninvolved through property taxes and neighborhood appreciation. 

Let me also mention that all parties involved understand the risks.