Best pay compared to cost of living.

Step 2- close and start rehab-- would need to pay holding cost during rehab?

Hope is a bad strategy.The only on market strategy that I think can work is paying cash/line of credit/hard money for a property that does not qualify for conventional financing.

Personally, If I could pull out a HELOC, I would use it to fix and flip which will typically make sense as you shouldnt be keeping the money out for that long and you can recycle it or pay it back and build off the capital that you got from. the flip.

Section 8 refers to a voucher that some people use to pay for their housing.

Well that is when the lower tenant feels like paying her 20% portion of the rent of $240 per month lol!

And I would love some passive income or at least someone to pay my mortgage until we can pay it off maybe.

But really you’re just creating a second job for yourself and one that doesn’t pay very well if it even is cash flow positive at all 😆I used to buy houses for STR but now that I’ve got several STRs up and running that I bought many years ago, I stopped buying STR once mortgage rates went up and housing prices went up.

Doing this will indefinitely defer paying tax on profit or depreciation recapture. 

I guess the different strategies FOR ME would be.A- Find a lender that would actually do the refi and pay the tax.B- Sell a property and use those funds to lend as they would go back to the IRA.