I would anticipate about 40k gross per year based on what we get from the other STR, so I don’t think it will be strictly an appreciation play.

Im just interested in his strategy and im not seeing many people talk about BRRRR investing with incorporations of Section 8.Im new to the industry and just looking to follow the footsteps Nevertheless, Thanks for the input Yeah, I may have heard of him for Section 8 now that you mention it, but that strategy is not for everyone.

If you go gung-ho, follow substitute trustee (S-TR or equivalent) filings in your county. 

It's a thought of mine as well, basically following my mentors model. 

If you are buying large multi-family, I would follow larger developments so your investment has a rock to support itself.

Your question is should you pay cash or get a mortgage.The investment calculators will say you will have a higher return on investment using as little of your own money as possible.Depending on your goals, like if you want to buy more rentals, this may be a wise strategy to put as little down as possible.However, if you are strictly looking to maximize your cashflow, having a paid off house is great.Honestly, I have a bit of both but like having the house paid off.

If you’re in that cash position I mentioned above, then we might be a good fit to get on a call so I can show our process which is complete: 1) finding and buying the right property 2) creating a top product from that purchase with a world-class designer on my team 3) co-hosting/managing that property at a discount for clients to ensure you get more money and have a product that lasts.you can also follow me on IG @tampa.rei , I’m actually about to post a walkthrough of a property that was being managed by one of the most popular PMs in the country and in just 1 yr you’ll laugh to see what state the property is in from poor management!

Rental properties are excluded from 50a6 law however lenders sometimes chose to follow it still as an overlay (additional layer) to provide protection because sometimes borrowers falsy their occupancy to exclude them from 50a6 law (like saying you dont live there and pretend living elsewhere when you in fact do as a borrower live at the aforementioned property).

Those are generally at least 1 of the following:1) Where they currently live2) Where they grew up3) Where they currently have family/friends living (if not included in #1 or #2)4) And as a last resort, an area where they like to travel/vacation frequently

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