Send me a message if you want to chat in more detail (background is in live in flips, LTR, MTR, and STR).  

However, what if you prefer simplicity, limited risk, and are living off of the income? 

Finally the pro formas that they provide are absurdly basic and neglect at least 25% expenses, so are essentially useless. 

Consider using an FHA loan to secure a 1–4 unit property with just 3.5% down and take advantage of tax benefits by living there for at least two years.

From Brooklyn to Florida and Mississippi, your expertise as an investor, agent, and designer is impressive.We’re excited to have you here and look forward to learning from your experiences as you work to change lives through real estate.

If you decide you need to hold the property it makes refinancing either impossible or expensive. 

I will give you my numbers since we are 3 years into Velocity Banking.Home was purchased at $410k.Interest rate: 3.125%30 year termMortgage payment is around $1950 (includes insurance and property tax)HELOC: 8.25% Variable rate - current rateCredit Limit: $97kLet's say I made $10k a month and our expenses were $6k each month including the mortgage.

I retired in my mid-50s and live a comfortable life, grateful every day for the path I chose.Looking back, I’m forever thankful to my partner who encouraged me to take that leap of faith and move to Ohio.

On the flip side, if you've got a bunch of Section 8 tenants living in a building that's in a neighborhood where a lot of the tenant base has good jobs, high credit scores, and are generally reliable people, you've got the most risky tenants in that tenant base and that ain't what ya want.

Especially if you haven't lived in the area previously and know the area.