Out of state beginner investor initially looking at single family/duplex in Cleveland area to rent to section 8.

@Eric Yu & @Todd Goedeke just went back to my initial analysis, and it looks like the 50% CoC I noted in the initial post was only looking at the downpayment (didn't have any closing costs on this one). 

I didn't see any requirement for compensation in this regard, so I don't think I technically owe her anything, but offered $50 for the inconvenience, since it was longer than she initially was ok with.

We initially started with Podio, but found ourselves constantly needing to hire a developer for new adjustments.

I've found a lot more success working with newer brokers as opposed to experienced brokers, who, rightly so, have a lot of preferred buyers that they're initially bringing all of these deals to. 

This structure is not cheap to setup initially, and the annual admin costs are substantial, however gives peace of mind that it offers the ultimate liability protection and most efficient tax structure. 

If your goal is to scale while minimizing your initial out-of-pocket expenses, consider searching for off-market value-add opportunities via investor lift, or local wholesalers.

Over time, the benefits of house hacking, including potential rent increases and the ability to live affordably while building equity, can far outweigh the initial concern over under-market rents.Keep your focus on the long-term gains, and you'll likely find that house hacking is one of the smartest financial moves you can make.

You have to know when your initial text goes out, because the response is going to be instant, and you better reply to their reply instantly, but if you don't know they are going out then you cannot make sure you are there.

I was initially told there was an HOA but eventually found out it's not active and there's a lady who lives somewhere on the street that pays a lawn company to cut and trim everyone's yard.