He bought the property pre COVID, so his cash flow is definitely going to be different than what mine will be.The question I'm wondering if its a good idea and if the numbers make sense.Purchase Price: $100,000Down payment: $20,000 (20%)Current cashflow: $900Property manager: $90 (10%)His expense for 12 months was only $1,430 (inspections, repairs, management, eviction services). 

Just curious as I have no idea who they are so I can’t comment on them but wanted to check in to make sure people do more than just a google review and have done thorough research.Great post earlier today about the dos and fonts an investor had and lessons learned.

I’ve been renting to Section 8 tenants for years, particularly in Detroit, and I’m happy to share my experiences and help answer your questions.Is investing in Section 8 housing a good idea?

Any words of encouragement or ideas would be greatly appreciated!

Of course, with all things, the answers to all these matters will depend on the circumstances.California tends to have more laws on the books and requirements and restrictions that it can be a good idea to form a CA LLC for out of state property so that you as a CA resident are covered, and to try to have your contracts fall under the purview of CA courts.

What other ideas/suggestions do you have as far as deriving income from real estate?

We work with a lot of relocation clients and when I ask many of them say, they had no idea, but they visited a while ago and really liked it.. 450k is about the most you can spend on a duplex here.

I would highly recommend joining some of the many meetups and networking events in Austin for real estate investors, very valuable exchanges of ideas in person as well

I've watched some videos from BP but i'd like some recommended reading to educate myself in preparation and so i can start going to open houses and actually having an idea of what i'm looking at.3. i'm thinking about changing careers to either electrician or plumbing to get skills that may help me manage my properties or do house flips and value adds to my properties.

If you were able to pull out $500,000 in existing equity out of a paid off rental and disperse those funds to acquire 2, 4-unit MFR properties and had the income to support any future CapEx and the interest payments on your HELOC ( including the extra income to paydown the loan ) would there be any " gaps " or problems I'm missing in this situation where it would be a bad enough idea to not go through with acquiring more properties through a HELOC on 1 of 5 properties you own?