Quote from @Jaren Taylor: Quote from @Stuart Udis: Depending on the transaction sizes you are pursuing, raising money to purchase property without debt requires either an incredible network of relationships or devoting a lot of time and effort to raising money.

However, they require consistent maintenance to avoid becoming a liability.

Its a great idea, but you will need to consult the township in order to understand their requirements for liveable space.

Hi Grace, I have an amazing DSCR lender that has no seasoning period requirement and an amazing property manager (both a lot of my clients and myself have used!).

So I’ve read that unbrella insurance providers require you to use them for car and home.

However, asset based loan products require liquid assets, property equity is not a liquid asset for an asset based program.All our 2nd mortgage programs just increased limits to $750,000!

You might covenant no water sprinkler systems or require them to put in a Cistern well system. 

There are dozens of check boxes, some of them matter, and Balance Sheet and capital accounts are now required.

I personally wouldnt - I am sure you could use the equity to get more than $600/month in cash flow however that would possibly require some work and risk on yalls end.

While having high standards is important, it's worth considering that many Section 8 tenants might not meet requirements like a 640 credit score or $90,000 in household income.