From my experience, you can use that savings to house hack with an FHA loan, invest in a turnkey property in a more affordable market, or even partner with others to expand your purchasing power.

In my experience, the average Section 8 resident behaves differently than the average market rate resident, and the government-backed rent is not worth the added hassle.  

Quote from @Jay Hinrichs: I think so at least for the ones we read about on BP..I had the same experience total loss on multiple syndication deals So I am feeling pretty good about how we are doing..

AS you get more experience you will learn how to screen better.  

I know this is probably quite rare, but if anyone has any experience in this, any advice will be appreciated.Thanks,Gene

Your opinions/experience on this situation are greatly appreciated.

It’s clear that there’s an incredible wealth of knowledge and experience here, and I’m excited to continue learning and growing with this community.I’m looking to connect with members who are open to mentoring or collaborating on real estate deals, particularly in buy-and-hold strategies for single-family or multi-family properties.

ChatGPT and similar AI models provide businesses with a scalable way to interact with customers, answer questions, and even troubleshoot problems.

From experience, I’d recommend getting pre-approved, improving your debt-to-income ratio if needed, and researching local assistance programs.

The below is not legal advice and you should hire a lawyer with past subject to experience.