Seller was a sweet lady who was SO HAPPY I contacted her to FREE HER from this situation.

Below your posting is "Houston, Texas" but the location next to your name show "San Antonio".No, I did not make the change to my location on my profile at this point. 

Tenant Default: 0-5% probability of eviction or early lease termination.Section 8: Class A rents are too high and won’t be approved.Vacancies: 5-10%, depending on market conditions.Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Class B Properties:Tenant Pool: Majority of FICO scores 620-680, some blemishes, no convictions/evictions in last 5 years.Tenant Default: 5-10% probability of eviction or early lease termination.Vacancies: 10-15%, depending on market conditions.Cashflow vs Appreciation: Typically, 1-3 years for positive cashflow, balanced amounts of relative rent & value appreciation.Section 8: Class B rents are usually too high for the Section 8 program.Class C Properties:Tenant Pool: Majority of FICO scores 560-620, many blemishes, but should have no convictions/evictions in last 3 years.

Just wanting some insight and thoughts on taking on an investor, as we have put all our chips in the middle of the table to get this started. 

@Brian GarrettFollowing this thread, ready to move from SFR to multi family.

This is Todd from (put the place/lead source).

I am looking to learn as much as I can from this community, and offer savings in return to all who are investing in real estate.

If you can't find any local meetups via Google, you can setup keyword alerts on this site by clicking the bell icon in the top right of your screen.

Well, one of these responses certainly has a ChatGPT feel to it.I will echo @Chris Seveney, whoever recommended this to you clear does not know the rules surrounding a REIT. 

This is a state-specific question, @Curt Bixel, and likely even more regional.