I furnished them from estate sales and local furniture shops, and the furniture/sheets/towels become damaged over time and need some care.I have a PM manage the remote houses, and they cash flow just fine, the PM handles issues that come up, and they paid off the debt on them once.  

I am a division one soccer player and have been blessed to be done with my last years with no debt.

The property in combination with the local market has resulted in a very large # of applicants having section 8 subsidies.My company has only had a handful of section 8 tenants apply in the past but have never had any that ended up leasing from us.I'm looking for advice as to what questions should we be asking of section 8 tenants?

So we will go from 1 unit to 4 units, with a combination of personal funds and construction loans.

There are obviously other metrics that have to be met, such as the gross monthly rent has to be equal to greater than the total principal, interest, taxes, and insurance; that is the debt service coverage ratio (DSCR).

If you want to be conservative, stay around 50%-60% LTV, especially if your cost of debt is lower than your cap rate, as this will lever your ROE.

Does it have to be 100+ hours for one of us individually, or can it be 100+ hours for my spouse and I combined?

How do you feel about debt?

We found evidence of mental health and familial issues, all sorts of debt, IRS issues, and even YouTube videos showing a life in disarray. 

On the other hand, a home equity loan gives you a lump sum with fixed payments, which is more predictable and great for one-time expenses like consolidating debt or buying a rental.