Section 8 rentals can do very well, but you have to practice and do several of them to make it worth it.

I have a mix use building in CT. the ground floor tenant is a bar/restaurant that recently moved in. they got a $2M General liability insurance and is asking if that's enough. or if they should get an umbrella. the property is valued at around $700k, fyi. where can i read up on best practices for such a case?

[Redfin]TP: Personal opinion: rent controls and/or big first-time buyer grants are not the answer.

While the financing and small entry price sound great, you are locked into their ecosystem with very little control.

The tenants have no control over how long the actual processing takes between the banks.

What are some best practices when working through due diligence at the phase of projecting cost?  

There’s probably asset protection specialists/firms  who will side with your approach but it’s not practical and they are just  fee collectors. 

Hey, that's a great question and definitely a smart one to ask when you're diving into the details of STR (short-term rental) investments.Let me break this down from both a tax and practical standpoint based on what I’ve seen with clients in similar situations.

Conversion rate is extremely low when you get started BUT it will give you good practice speaking with sellers who have a ton of objections.

Quote from @Benjamin Weinhart: Hey Ben, I reference my old boss because I have never seen this practiced myself.