We manage almost 700 doors in Metro Detroit market, 92 are S8, so we are very familiar with the program.We've got some great S8 tenants, but also some not-so-great ones that abuse the program.PM us if you'd like to discuss the reality of using S8 effectively...

The reality is the buyer pays a certain amount less based on certain things.

But the reality is that the majority of stable, SUCCESSFULLY self-employed entrepreneurs will do pretty much anything to own their own house, and the ones that aren't financially capable of doing so yet will understand the income-verification problem quickly.

The unfortunate reality is that the national average is around 28k for hairstylists.I own my own salon suite, and believe it or not it's the most money I've ever made in my career so going back to a traditional salon is not an option I plan to pursue.I was planning to so a small multifamily (duplex or triplex), live in one side and rent the other out (my boyfriend would also be paying me rent as well).There is no shame in what you earn!

Look for leaks under sinks. 

1 & 2, your IRA can borrow from other people or from other people's IRA or from NASB.Let that sink in for a moment...If my ira wants to buy a 250k house and I have 30k in my account, my ira can borrow from your ira 220k or 230k or 250k.

That was the only way the numbers would work and reality was they would not get those rents.

But reality is that some investors are so busy, they use people like me who do this full time to buy the properties for them.

If you cant, sinking money into a rate buy down seems to be a fools gold IMO.

The other 99% can't put the pieces together either in their mind to make it happen, or in reality.