Hi All,My name is Michelle, I am a local long term SFH real estate investor in South Florida and am wanting to add on Section 8 investing in Detroit, Michigan.I currently am not knowledgeable on Section 8, but am educating myself.I am looking to connect with other Section 8 investors to see how they got started along with what resources they used to look at market trends, how to pick the specific hot bed to invest in Section 8, and advice I may need to know.Thank you in advance.

Hi everyone,I live on the East Coast of Florida, and I have to say that all long-term rental trends (LRTs) are dependent on future revenue and expense projections.

If lower rate trends continue and stay consistent, expect the news to reach sidelined buyers and an uptick in buyer activity towards the end of summer into the anticipated September rate cuts. 

The place was in very bad shape with only a handful of the 24 units actually rented.

I think the best move would be, get this property in top shape while you are fixing other issues.  

Sorry to hear this.I would always say that "There is nothing wrong with any property as long as the price is right".Granted, some are not salvageable and the deal doesn't make sense even if the seller paid to me to take it lolOver the past 10 years I have witnessed many investors trying to do the same thing as you.Purchase from afar without buying turnkey and trying to do it themselves.This has been popular especially the last few years.Not many succeed unfortunately or they don't succeed in my eyes as they are into deals for much more than what they should be.There is a big trend going on where folks are made to "feel involved" with the purchase, rehab and property management process.The properties look great and off-course they do as rehabs cost $40,000 - $50,000.It doesn't sound like a lot of money for folks from CA and NY but for our local standards it is and IMO kills the cashflow and is unnecessary overcapitalization.Each to their own I guess.Just had a call the other week with a fellow from CA that bought a few turd properties from a local scam artist and is flying to town to try and rehab them himself.Another fella I managed to save even tho he lost his deposit of $1,000 as the seller (Another known scam artist) made him commit to the deal without allowing an inspection or even a walkthrough...If that isn't a red flag then I don't know what is 🤷‍♂️Hat's off to you for flying into to town to see the property for yourself.Wishing you much success

Interesting graph from CoreLogic. What is the story in your market? A recent study I completed for a segment in Clarksville, TN showed YoY rent growth of 5.42%!

It is very very hard to make an NOI of $2000 every month or an average NOI, when your general occupancy trend is like weekends and long weekends because Poconos is not where USA travels, it is basically people from close by cities of NJ, NY, PA travel here.I am not saying it is not the place to invest but if you are looking for cashflow with a 20% down with current mortgage rate, I would run my numbers very carefully.I did not touch on HOA, township licensing and restrictions specially 2 people max per bedroom and Pocono Promise :P

As long as it was clean and in good shape it was going to move.

We have a property manager, a low maintenance seeming tenant, and a house that's in pretty good shape.