Because your choices are to sell the property or to fix the property, and fixing the property is going to cost a lot in time and energy.

Honestly if you just treat it like would I be ok living here if I had absolutely no other choice, you will be fine.I love my section 8 tenants.

There are plethora of landlord platforms that force you to use their own 3rd party banks to deposit rent and charge $2.5-$5 per transaction to directly ACH into bank of your choice (ex: I love Chase Bank).

Note if I had purchased in 2022 in my market, I would have done alright due to the appreciation but in my 2022 underwriting I was depicting 0% near term appreciation (I strive for conservative underwriting).You have a choice to either pursue RE or not.  

It is effective Aug. 1, 2024.This ordinance is referred to as the Source of Income Discrimination Ban Ordinance" - which is identified in File #231019 and amends sections of Chapter 38 (Civil Rights) and Chapter 34 (Health and Sanitation) in the Missouri Revised Statutes for the purpose of classifying source of income as a protected trait in regard to housing discrimination.Here are some key takeaways from the attached ordinance:This ordinance bans discrimination against tenants based solely on:Source of income from an occupation, including gig work or paying rent in cash Use of public programs like Section 8 Housing Choice Vouchers, disability checks, or social security Poor credit score Prior evictions and alleged damages older than 12 months (less than 12 months can be a basis for denial) Prior convictions or arrests (sexual and violent crimes are excepted, a landlord can still deny based on these convictions)The ordinance also requires the city to proactively scan for rental ads using discriminatory language like "no Section 8" or "no past evictions".Landlords who are found to be in violation of the ordinance with respect to source of income can be fined up to $1,000 per incident.

Your choice, but it is not reasonable to expect to pay lowest rent and living in above minimum maintained properties.  

Don’t have a team of editors, yet :). ** The preceding has been my opinion only, the views are my own, and are intended for educational and entertainment purposes only and does not constitute financial advice.

By using more leverage, negotiating like a boss, and keeping those priceless relationships strong, we can get the most out of our financing choices and open up new doors.

@Jonathan GreeneAgree 100%. be transparent and if good news great - bad news - still share it with investors - realize they are making life choices based on what they may be telling you as an example of someone has $100k investment and you fear it’s going to go to foreclosure - well maybe they would not spend $10k on that vacation or buy a new home knowing they are getting wiped outUnfortunately there is a group of guru syndicators who are great marketers / sales which some I have personally spoken with and they are so full of it and just like to hear their voice their ego gets in the way.

I recommend not dipping into the deposit unless you have no other choice to pay the bill.