Of course, I also calculate ROI, but I wanted to make sure I’m looking at the right metrics.Since I only do hard money lending, my structure is pretty simple—loan disbursement, monthly interest payments, and fees like origination or exit fees.

That sounds great, thanks for the tip!

DSCR loans of course are based on cash flow for approval, and I've yet to see a deal cash flow at 85% terms.

Carol thank you for the tips.

Any insights or tips you can share about the Section 8 process, the Birmingham market, or challenges to expect?

Would you have any helpful tips on what I need to learn, know, expect in doing this in a new state.

Don't sign up for a course.

Of course I am considering Sevier County TN, but there are so many new rentals coming on in this market, and I am thinking the supply will outpace demand.So, I have been looking into other markets for this concept -- namely Chattanooga, North Georgia, surrounding east Tennessee areas, and even NC Mountains (Robbinsville etc.)In these other markets, land is about half the cost, and they are much less restrictive about the structures / STR regulations etc.

Paying for a Section 8 investment course is the equivalent of an aspiring cook paying for a course titled: How To Boil Water

And of course, they may choose to not renew.Also remember, many listings are priced with the LL assuming at least some improvement costs needed for new tenant, which you don't have.