Need to focus education efforts.Please contact me with the next steps.Respectfully,SSG Mohaamed Benabdallah

Wherever you invest, I recommend hiring a property manager who is highly knowledgeable about Section 8 and its frequently changing guidelines.Putting down at least 20% ensures the best rates and avoids any PMI payments.Good luck!

Lower end tenants mean more headache:More frequent turn overHeavier turn costs/higher wear and tearSlow paymentsLonger vacancy between both the turn over time and finding another qualified tenantBeyond these factors, as others noted, a full unit renovation will cost about 15-20k if you want to do it pretty nice.  

Just trying to educate myself so that I make the best decisions for me.

We all just have to continue to be aware and educate ourselves. 

Please educate me everyone.

This happens so frequently that changed my lender page description's first line to read, "SERIOUS INQUIRIES ONLY."

It's a specialized area of the law and I'd hate for you to pay for him/her to educate themselves.

I've tried everything and done everything "right" according to what everyone says (professional photos, changing rates, premier host, updating listing frequently)...well this was a surprise..."

Its tough living in a construction zone but it can also offer you both an investment, education and place to live for the time it takes to complete the renovations.I actually started by using private money (people I knew who had money) and used them as lending partners.