Starting out in Section 8 housing may be a rewarding experience both financially and socially.Good luck!

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

They can provide valuable insights.Run the Numbers: Create detailed financial projections for each property you're considering.

They won’t offer financial advice or specifics about what they think you should do but are there to answer questions and help you look at things from different perspectives.

Financial Highlights•Acquisition Price: $72,000•Renovation Costs: $35,600•Total Investment: $107,600•Funds: raised from personal savings and private lenderHow did you add value to the deal?

--------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

The floorplates and inefficient use of land (due to parking) make it difficult to create financially feasible and useful reuse projects. 

It depends on your financial strength, the quality of the property, how many properties you own, etc.I like to start with one significant expense and three months of vacancy.

@Robert BishopTo prepare for your first real estate investment, build a strong financial foundation with a credit score of 700+ and an emergency fund.

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