The cost breakout seems very helpful too I think that will help a lot of people.

I went back to Memphis last year for the first time in six years to find all is as advertised with very minor exceptions.We have picture inspections done every four months, cost $75, because I'm a trust but verify guy.Good people, good service.   

Some general pros v cons - I'm sure other people will provide other insights as wellPros: -Above market rents- Monthly rent payment on time that you don't have to worry about or chase anyone down for (if full pay)- No shortage of tenants depending on your standards - Tenants are incentivized to not trash/destroy the unit, otherwise they'll lose their voucher (Yearly inspections made by local S8 inspectors to keep everyone honest- Rental payouts are normally adjusted 1-2 times a year to keep up with market rentsCons:- May take a little while to get onboarded - dealing with local govt can always take longer than expected   - Generally won't have a super high credit score (to be expected given it's the govt paying for rent)- Each unit will need to be inspected and meet a certain living standard in order to be approved for fundingYou'll want to make sure you work with a property manager who has extensive experience in working with S8. 

I know there is a way to get a pre-foreclosure list, but I'm always interested to know where the people that are selling.

Neither of us make over $150K per year as individuals members. 

It is an amazing city with great people and plenty of opportunities in the real estate space.

@David Overcash I am sure we do know some of the same people.

Did you know before it happened, that new regulations were coming regarding condominiums that now makes a large number of people both regret buying and now not being able to afford the  payments on the "great deal" they bought a while back?

@Kyle Kulhanek Are you planning to transfer the property into an LLC owned by both individuals on title? 

If enough people reach out, eventually it would be great to start a meetup group for STR investors in the area.