More risk = more reward

Deposit insurance, credit building and on time rent payment rewards (Through Second Nature)What customer service programs do you have in place?

Hey everyone,Hoping to get some advice on a risk/reward scenario in BC Canada.I have a property just outside of Vancouver and Victoria BC Canada.

Consider your personal goals, risk tolerance, and time commitment when choosing a passive income stream, and remember to educate yourself, diversify your portfolio, build a strong team, and be patient.As I experienced, and while risky, building up passive income streams can be exceptionally rewarding in the long run allowing you to enhance your lifestyle and provide you with financial freedom and flexibility.

It can be super rewarding.

Section 8 can be a heavy hitter because there are so many guidelines that need to be followed yet and still it can also be rewarding so long as you treat your tenant the same way you would a regular LTR tenant, with screening, etc. 

Personally, I continue to flip and have numerous clients doing them as well.

Before taking the leap, thoroughly research Section 8 in Detroit, talk to experienced professionals, and carefully analyze the numbers, factoring in possible risks and rewards.

There is a cabin on the property that can accommodate additional 6-10 guests but the current owner has chosen not to rent this cabin despite the numerous requests.

I've helped numerous clients find STRs.