(Risk- incentive- reward...)

@John Morgan I had a really bad rehab that had the same issue and just rolled the dice and had the hardwood sanded/refinished and it worked like a charm.

More risk = more reward

Hey everyone,Hoping to get some advice on a risk/reward scenario in BC Canada.I have a property just outside of Vancouver and Victoria BC Canada.

Deposit insurance, credit building and on time rent payment rewards (Through Second Nature)What customer service programs do you have in place?

Consider your personal goals, risk tolerance, and time commitment when choosing a passive income stream, and remember to educate yourself, diversify your portfolio, build a strong team, and be patient.As I experienced, and while risky, building up passive income streams can be exceptionally rewarding in the long run allowing you to enhance your lifestyle and provide you with financial freedom and flexibility.

It can be super rewarding.

Section 8 can be a heavy hitter because there are so many guidelines that need to be followed yet and still it can also be rewarding so long as you treat your tenant the same way you would a regular LTR tenant, with screening, etc. 

Frankly you may have to decide between a) insulation value, b) historic charm or c) cost/budget..... you probably will not be able to get all three.....So first just be aware that this 'exciting' journey will be very costly (in my experience) so determine the project budget first and see how much your ROI will suffer (it will) and if that is worth it to you. 

Before taking the leap, thoroughly research Section 8 in Detroit, talk to experienced professionals, and carefully analyze the numbers, factoring in possible risks and rewards.