Say you grabbed position in Tesla for x-mas because, well, it's Tesla and all looked awesome at $250 about to ride to the moon..... until..... come march and your falling like a stone from $180 wondering where the bottom is..... 

@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!

I care about collections, not just bodies in the building.

I would be very careful about what neighborhoods you invest in, though; Cleveland has some serious war zones. 

I know I can ask for a cosigner, but I’m wondering if I need to pull their credit too?

Applicant credit scores should be treated with a high level of care and should not be handed out when they aren't assured that you are locking them up and taking due care with private and sensitive data.So, many places, including the screening company we used for years before moving to a PM, provide a suitability score rather than the actual credit score. 

As I consider adding another property to my investment portfolio, I'm wondering - What do you consider "good" cashflow for a property? 

I was just wondering if I should keep this tenant despite not quite meeting the 3X rent rule for her income if I bring the rents to market rent. 

I am wondering if it's as simple as just purchasing the car under my own name like a regular car and next year just add that car to a schedule C while I keep everything else still in Schedule E. 

If you can arrange a visit to see how the tenant is taking care of their current place, that will open your eyes as well.