Each property comes with its own set of risks and every investor must understand those risks and do the minimum - get 3rd party inspections, 3rd party appraisals, verify rents, jobs  and crime rates at city-data.com - before buying.

I would just set that expectation up front.

I would love to help you get some referrals to help you set up your CORE 4 to get you a solid team to get going!

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

@John Kim @Travis Biziorek is 100% correct.S8 really isn't difficult, but it's not the answer to everything that the self-proclaimed "gurus" make it out to be.With S8 tenants, you're just trading one set of challenges versus direct paying tenants.When we advertise a rental, we take the best tenant we can find, immaterial of their source of rental funds.You want to be careful investing in the City of Detroit because there are a lot of "crooks" trying to sell you Class D properties dressed up to look like Class C or B.Connect with us or Travis for more info!

You'll invoice the tenants on whatever strategy you set up in their leases.

However, a lot of concerns can be mitigated with looking at their past rental behavior in a lot of different settings.

We have it set up where they can upload their proof on a regular basis right in their online tenant portal.

That puts any of their data sets into serious question.

Your first couple deals will be important, they will set the stage for your success.