The rent is always on time (at least the housing authority's portion).As Phil mentioned, Section 8 can be good, but you have to pass annual inspections and meet Housing Quality Standards.

ok, which one of you guys mailed out in south Florida in the last few days DM with standard white envelope with a white Xerox copy of a picture of Michael Corleone saying "I will make you an offer you can't refuse"...

I recently mailed out a batch of YLs and received my first call (well, Google Voice Voicemail) today.

I just received a call from a gentleman whose house was listed.

We also schedule an annual inspection about 45 days prior to the Lease expiring and present the Lease Renewal at that time if the home appears to be well taken care of.

If you do a deal once, assigning contracts it's not an issue, if someone is running around and doing the 15th deal (example) they pull the facilitating phrase out to be applied.I agree that you are selling an option contract and not the dirt, but you might consider viewing it as facilitating the ultimate sale by using a method that is being implemented consistently with the expectation is to ultimately transfer title.You might also look at "net listing" issues, not saying it applies, but agents have to ensure they are not engaging in some method or systematic contractual transaction that nets a fee for services or facilitates a sale above the price received by the seller.

Also, you will have really high utility bills, because your guests will leave the heat at 75 degrees with the window open.You will also have to either get a management company or deal with marketing, reservations, contracts, receiving payments from guests, security deposits, housekeepers, maintenance, keys, etc yourself.

This is in Atlanta too.Tenant stated rent was mailed out on Feb 3, Property manager did not receive it & on Feb 10 issue notice of eviction.

From my understanding, you can setup an LLC and designate to have it taxed as an S-Corp to benefit from the tax advantages S-Corps receives.

I am receiving 5-10 deals per week.