Starting Out just want opinions on my investing route (section 8)

[Daniel Villanueva]

Hey BiggerPockets Members,

I am 19 years old and very interested in long-term investing I have put together an investing plan for myself to pursue investments that I would enjoy working with. I specifically like cash flow rich deals simply for the fact that I get to re-invest the cash flow and snowball my cash. I also enjoy the construction aspect of real estate, therefore, want something I can spend time working on while building my real estate portfolio. I found something called Section 8 housing which can be very bad for investors if tenants are not screened properly I understand even with proper screening you will still get bad apples. But the cash-flow is really good and the houses you are getting are always rehab properties. This being said I would like to ask everyone if you have any advice for me as a new investor and maybe the things I may be overlooking. And if anyone has great real estate books I could possibly learn from.

Thank You

[Aaron K.]

@Daniel Villanueva If you are finding things with a 40% cap rate I'd wager that you're doing the math wrong even 12-15% is extremely high and difficult to find in most parts of the country.  Where are these properties located?