On top of that, the tenants are lower-quality, so it takes more work to maintain communication, enforce the lease, etc.In my experience, the additional work and eventual losses erase any benefits of Section 8.

You delegate tasks to free yourself up, you don’t give them ownership over your key business assets.Property managers are ultimately just administrative assistants to help your business run more smoothly, you are the CEO, the one in charge and you need access to everything at all times.

A capital expenditure is money spent by a business or organization on acquiring or maintaining fixed assets, such as land, buildings, and equipment.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

Perhaps there's a family member who can assist with your first purchase if you're still underfunded but even if that's a possibility obtain experience first.  

Maybe this would also make it worthwhile to jump through the city hoops to make the basement a legal unit.Then you could maybe put a LTR in the basement who could assist with the STR in the main area.

These areas attract not only residents but also tourists and second-home buyers, maintaining high real estate activity year-round.While there is a slight dip in demand during winter, Southern California’s diverse economy, international appeal, and housing shortage make it one of the more stable markets for real estate investment.

People who sell to developers have properties in disrepair that they cannot afford to maintain.

There may be government programs that can assist with tax credits or low interest loans depending on where you are, but again, they will probably require experience.Hope this helps somewhat.

@Alan (and everyone that assisted),Thanks for sharing that insight—it’s really helpful as I continue learning the ins and outs of real estate investing.