Just wanted to introduce myself I am Brian a 32 yr old crane/hvy equipment operator.

I hear that you can get slightly higher rent for Section 8, thus my thinking it might be worth 800 gross rents.Based on 50 percent rule analysis, it would generate cash flow of 100/month at best and 25/month at worse.

Right now, I am looking for ways to target motivated sellers but without having to subscribe to some lead generation company on a monthly basis.

If it's just a lease the terms can make it good or bad.If you have a new business all you have is the equipment which liquidates at 10 to 15 cents on the dollar.You have not created a salable commodity yet because buyers want at least a year or longer of stability to buy a business based on cash flow.Usually you get 3 times net earnings.So a business making 33,000 after expenses would trade at 100,000 etc.SBA loans are almost impossible right now so most business transactions happen with all cash down or the current owner carrying 10 to 50% of the paper.The owner generally will not sell getting only 10 to 20% down.The reason is they might be living off that income stream and have to live off the money or might have to get a certain amount to franchise and grow their concept or reinvest in other opportunities plus the commission comes out of the down payment for the business listing broker and the fee runs from usually 8 to 10 percent.In some instances if the list price is low commission could be 12%.Being a chef and OWNING a restaurant are way far apart from each other.I used to own a restaurant and have real world experience.The value of a restaurant is based on the lease terms,how new it is,available parking,saturation of similar concepts in the immediate area.

Finally, what is the best source for generating the buying and selling contracts?

I realize that many today, especially the "younger generations" lack integrity and don't really understand that if you conduct business unethically you will only make a fraction of the money that is possible in your career IMO.

Sometimes a good contact is some of the larger property management companies in the area.Sometimes a commercial real estate agent might be better equipped for a task such as this.

But when you factor in:1) The interest you pay on the loan,2) The insurance you pay for 30 years,3) 30 years of taxes4) all the maintenance and updating required to generate that value after 30 years (I've looked at houses that haven't been updated in that length of time, we call those "needs work" and "deferred maintenance")5) the costs you will incur to sell,6) Changes in the area (bad or good), changes in house styles, etc.then its rarely a good investment.

The exception is certain expenses such as HOA should be capitlized if the property is not being rented or used to generate current income.

This will be another income generator to keep all the code enforcement jobs in place.