@Mark Ainley and his team are great here.Hey @Timothy Galligan - I have several properties here in Chicago that are on section 8 and I can by far tell you the most important is having the right property manager who can vet tenants properly and knows the in's and out's of all the different programs.If you are interested in Chicago happy to make some connections for you!

$230k Purchase Price$225k Balance$25k+- in renovation materials.

We also have a strict policy that anyone 18 or older living on the premises must be properly screened and approved. 

@John MasonNot a fan of velocity banking as proper will charge $ o make it but typically it’s better to invest this money- here is what makes me laugh in this articleIf you do velocity banking you pay it off in 76 months - if not you pay it off in 77 monthsIs all that work of trying to write checks from a HELOC vs auto debit your bills worth one month of mortgage payment over 6 years?

Make sure you have funds set aside for an emergency, if you have personal debt, try to eliminate as much as possible, understand what your personal balance sheet looks like in regards to monthly cash flow and net worth.Investing in real estate is investing in a business, and you need to have a good understanding of your financial picture before you begin to buy a business.I would then focus on what niche you want to start with.  

I am replacing the balances and pivot shoe locks. 

Alignment of interests: HAs the sponsor properly conveyed the risk in investing in real estate?

For now, enjoy the project, but consider transitioning to a vacation rental later for consistent income.Overall strategy..Balancing multiple properties is challenging, so leveraging property management for the rentals would be wise.

You would be violating the law for doing that.Be comforted that most prospective residents don't provide proper ESA documentation. 

- **Seller Payments (if applicable)**: If you’ve agreed to pay the seller anything over and above the mortgage balance (such as equity in the property), you’ll make a separate payment to the seller.