I'm an investor and a licensed mortgage broker who has done fix and flips both using my home's equity and borrowing against the investment property.If you (1) have enough equity in your home to fully fund the deals, (2) don't mind tying that equity up for these deals vs saving it for a rainy day and (3) are ok linking the place you sleep with the success of the flips, this could make sense.We offer a ton of different fix and flip programs including putting 10% down on the purchase price and funding 100% of the rehab.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

I suppose I could combine the two ideas and live in a basement while renting out a 2 bedroom home to a traveling agency. 

S8 standard voucher amounts INCLUDE all utilities.

Clearly define terms, including an exit strategy, buyout options, and how proceeds will be split.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

That would mean there is an approved site plan that includes roads, water, sewer, storm water, curb, gutter and any required buffers.

Include text so that states what will happen if the new lease isn't signed by landlord and husband such as the return of keys by all parties date.

I also included some instructions to help. 

A laundromat is certainly much easier to sell than a bakery or a real estate brokerage...The real magic happens when you combine both (biz and REI), one to generate cash, the other to invest, grow and tax shelter.