In our24 years of experience, managing almost 100 S8 leases currently, the average S8 tenant has a FICO under 580, numerous collections from utility & cell phone companies, doesn't want to pay a security deposit, much less an application fee and claims they don't know how to fill out their S8 paperwork despite being in the program for several years - hint: they want YOU to do it for them.Most, not all, are eligible for government assistance due to a funeral-march of bad choices.REALITY: you are trust trading one set of problems for another.You can succeed with S8, but you need to understand the challenges and plan accordingly.

Rents were higher weekly, than if they paid monthly. 25 units in Knoxville, TN with a mix of cottages, duplexes and a six unit efficiency.We converted it to monthly renters, lowered expenses, billed back utilities  to the residents.

Seasoned investors with over four or five digit posts and votes mentioning those lenders will have validity over some with two digit votes.  

Also if he is just taking PITI into the equation, he is missing/withholding info about utility costs, stocking/supply costs, cleaning costs, etc. 

I utilized an assumable loan (all VA and FHA loans are assumable by law) for my most recent home purchase and am hoping to do this again for my next one! 

I agree that there should be better ways to screen out the dreamers and tire kickers from services that people and firms are paying to utilize here.

Hoping to replace my income over time with multifamily units and utilize house hacking.

You need a great commercial agent on your team, a cpa who specializes in land development, a great architect, a surveyor who can do your short plats, a great dirt and underground utility guy, and a great permit specialist. 

Until then, I'm anticipating consistent double digit increases in insurance YOY.My Thoughts:I personally think insurance expense escalators should have 5-10%(as an avg) expense escalators for the foreseeable future.Am I alone in feeling this way?

The cost to repair the system was high, so we decided to move to a flat monthly fee for utilities.