This approach mitigates risk; if one property underperforms, the other may still generate income.

Section 8 can definitely be a solid strategy if approached with the right mindset.

There are a couple of approaches I would suggest you can choose from. 1.

We truly believe in fostering community and providing affordable housing while maintaining a high standard of ethical management and resident well-being.We are definitely looking into growth opportunities for our properties here in Norfolk, but we’re taking a careful and steady approach to ensure we can continue delivering quality for our residents.

The idea was to find a property, 4-plex, that would allow me to break even, cover the mortgage, and hold onto it as a long-term investment.However, analyzing the data and really coming to terms with Colorado's market, I’m rethinking my approach.

If you prefer a more passive, long-term wealth-building approach, REI is solid.

I recently found a house hacking opportunity that is a different approach than I'm used to. 

$50/general clean (they do a thorough cleaning including the filter and all); $150 for a full drain, deep clean and fill.The downside with this approach is continually pounding our well.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.