@Van Lam - I think your plan to finish rehab and then rent them out a higher market rents makes sense to do first.

By tackling them early on, you minimize the risk of missing critical dates.In my experience, closing a deal within a specific timeframe requires meticulous planning.

My plan would be use the 401k kind of like a hard money loan where I'd acquire the property, rehab it, then refinance long term, pay off the 401k loan and get it rented.

@John Kim @Travis Biziorek is 100% correct.S8 really isn't difficult, but it's not the answer to everything that the self-proclaimed "gurus" make it out to be.With S8 tenants, you're just trading one set of challenges versus direct paying tenants.When we advertise a rental, we take the best tenant we can find, immaterial of their source of rental funds.You want to be careful investing in the City of Detroit because there are a lot of "crooks" trying to sell you Class D properties dressed up to look like Class C or B.Connect with us or Travis for more info!

We’ve just finished our 2025 planning meetings for our six largest projects, and it’s been an interesting process. 

The best advice I can give is this: if you weren’t planning on RE would you go to college?

Expect to remodel kitchen and baths and put new floors down, paint, knock down a wall to open the floor plan. 

What was your backup plan on the Wrap, if the buyer stopped paying on the underlying mortgage? 

To sacrifice a good tenant, which is hard to come by these days in favor of higher rent, may not be the trade-off that you need or possibly want.

It depends on what your plans for the property are.