Instead of stressing over timing it perfectly, focus on making sure the deal still works even if rates shift.Since you’re buying in Norfolk, check if lenders there offer any investor-friendly incentives.

I don't understand why someone would ask if now is a good time to invest in section 8.

If structured correctly, this could be a strategic first step toward future multifamily investments.This post does not create a CPA-Client relationship.

I found this deal off market; it was my girlfriend at the time's uncle who owned it, and we pitched him the idea of buying it from him.

I am also planning on using a property manager as I have an 8 - 5 full time job.

Learn location value first before doing a large project.  

Hi there,As a first-time landlord in NYC, it's great that you're being cautious about this.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

This will cost you a lot of money and time.

•Lower Rent Slightly to Attract Tenants Faster•Offer Move-In Incentives (e.g., discounted first month, lower security deposit)•Pivot to Mid-Term Rentals (traveling professionals, snowbirds, digital nomads)•List on Multiple Platforms (MLS, Facebook Marketplace, Furnished Finder for mid-term stays)6.