People all of the time, "over estimate" the opportunity and "underestimate" the cost and challenges in doing a profitable flip.

As many cities require insurances for any rental properties, this will be very challenging for market being affected.

Some of it has to do with the same sorts of challenges you see with smaller sized businesses in general - mom & pop shops aren't always keeping the best financial records or doing their taxes the correct way.That’s what I figured, thanks again ! 

Yes that seems high but without a breakdown of costs for the 13k it's challenging.

2) How did you structure your first deal, and what challenges did you face?

@John Kim @Travis Biziorek is 100% correct.S8 really isn't difficult, but it's not the answer to everything that the self-proclaimed "gurus" make it out to be.With S8 tenants, you're just trading one set of challenges versus direct paying tenants.When we advertise a rental, we take the best tenant we can find, immaterial of their source of rental funds.You want to be careful investing in the City of Detroit because there are a lot of "crooks" trying to sell you Class D properties dressed up to look like Class C or B.Connect with us or Travis for more info!

Your situation sounds challenging. 

I think some hosts would account for the cost of purchasing good quality bottled water as well, which is why the Brita water pitcher is popular. 

You can try and fight it but does not mean you will be successfulI would also be curious to see what your property insurance looks likeFor me this is just another example that home prices are gonna eventually have to soften as between taxes, insurance and Interest rates home affordability is very challenging

And some markets are going to be a lot more popular for the average BP member ( which to me is heavily slanted to starting out) At least from the post we see.