Note that Sec8 comes with added costs & issues due to bureaucracy and state of the HUD departments in the area.

And hopefullt you won't need a traffic light, which costs in excess of $100,000, though you will be required to do a traffic study. 

I think the house flows really well in person (open floorplan, high ceilings, large house with spacious room sizes) and you just can’t represent that in 2-D photosI’m honestly not sure how to do a video or 3D virtual walk-through or whatever, I haven’t looked into it and have no idea how much it costs.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Here is an example of what it costs you to avoid professional advice.

Our average monthly revenue is $2,675.We have had 46 stays so, $4,600 in cleaning fees (the cleaning fees are included in the avg $2,675 monthly revenue) If we have someone clean it, it costs $100.  

You can offshore it all at a fraction of the cost and a good offshore person will be self-sufficient and can manage the whole thing themselves, freeing you up for higher value opportunities.

Aside from downpayment, you want to have a solid emergency fund in place, something that can cover unexpected repairs, vacancies, or any other random costs that pop up.I’d also recommend saving more than you think you'll need and keeping a close eye on your expenses.

Between carrying costs, having to potentially raise equity and/or utilizing debt during the pre-development period  had I settled plus associated time, I  probably would have spent a similar amount of money.

Hey Christian-  I understand the higher costs associated with private or hard money can be a mental roadblock when it comes to investing.