We pride ourselves in keeping the forums positive, helpful, and focused on real estate (please, no politics, religion, etc.).

The people that reached out to me that did sign up weren't very positive about it. 

Before the house is sold on auction, the owner of the house is in the position to reinstate the loan or pay it off and thus retain a title.

Just not a position I am willing to put myself in.

I can see the cost to entry being a positive one but I am looking to weighing all the options and scenarios.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Terminating your contracts could jeopardize your position.

It sounds like you’re in a great position to start your real estate journey, especially with your brother as a built-in renter.

Keep learning and assessing your financial position as you grow.Good luck!

Hopefully it balances out and ends up net positive.