I came from a traditional real estate background and got involved in land flipping years ago.

@David Charles Edwards Due to the regulations around these investment products, I am limited on how much information I can share on a public forum without knowing your accreditation status, financial background, investment goals and risk tolerance.

Sunghee Section can be great if done correctly.We recommend screening Section 8 tenants just live regular tenants and doing all the background checks.Many, but not all, S8 tenants have entitlement mentalities and in additional to being hard on properties, (causing lots of damages) they expect you to do everything for them!

@Josh WalkerDid you have the other thread asking for some background info on Detroit?

How would you go about doing their background check?

DSCR lenders will still look at your personal credit, reserves, background, and experience.

To provide some background here, my wife and i recently purchased a triplex that has an existing 500 sq.ft attached storage unit (conditioned space) and a detached 5-car garage.

So... with that as a background... if you want to fight the "just value" of your property - you have to show how they have messed all that up - you can't just complain "My taxes are too high!"

Finding tenants via facebook, craigslist, word of mouth, etc.. doing a phone screen, running background checks, etc.. takes A LOT of my time.

People you hear about just going for it either have help in the background or have a high risk tolerance for failure (unlimited capital).