Zach mentioned house hacking, and if you're not familiar, please ask for a further explanation.

Ok great, thank you for that explanation. 

@Michael Smythe   I believe Michael posts a really good explanation on asset class's and what you can expect. so between him and Engelo you should be able to navigate this safely .  

Come to think of it this is the exact technique now taught as “wholesaling” by numerous Gurus.MMM – With inflation this is now 5MMM.

Bet not:(You should ask them for detailed explanation of what they are doing and what the collections company is doing!

The appraiser must provide a sufficient explanation of the basis and rationale for all adjustments (or, if necessary, lack of adjustments) within the appraisal report or addenda." 

Hey thanks Joe yes, very great explanation.

I have been very pleased with my investments here and have helped numerous investors purchase in Corolla and all over the Outer Banks.  

On the same note I have tried to get her to invest in other properties with me and she is terribly risk adverse and just can’t stand the thought of having her name and credit being attached to a large mortgage even though I have explained numerous times about how the bills and mortgage payments are made by the rent payments. 97% of the time she continues to be supportive of me pursuing the real estate on my own and has been supportive of me retiring from my job to pursue it full time.

As a landlord with numerous Section 8 tenants, I can attest that participating in the program can be a great way to secure reliable rental income.