I am actually a psychology major and a social work minor.

She came back after 4 days to find her application with her name, social security number, address, etc....

I've never gotten a tenant from any Section 8 site or the Social Services office, both my Section 8 tenants came from craigslist.

I don't believe that this is the intent that the founder of this social network had in mind when he developed the idea for this community, and certainly not (to quote) "that's what we are here for!".

We at biggerpockets are a pretty diverse group as far as background, education, geography, market focus and age, but also potically and socially.

If you have that much content then you need to be putting them on your blog, social media sites, squidoo and hugpages.Don't just publish them all on article sites.

Make sure you've got their Social Security number, and a clause in your lease that mentions "liquidated damages", which is legalese for, "we both agree that the refrigerator is worth $3,000, etc".

. ($350)One is on social security and is disabled – other pays rent cashiers check ($275)Unit mix 2 x 2 bd/ 1 bth Here are the numbers:Price $26,000 (they will only accept cash) I can come up with about 10k in cash but would have to take a personal loan to cover the restGross Rent: $7,500 (100% occupancy consistently)Expenses –A) $1975 (owners claims with property mgt included)OR –B) $3000 (if I assume a 40% of rents =expenses) NOI:$5,525 (if use A expenses)OR$4.500 (if use B expenses)Even if I was to 100% LTV at a $26K price at approx 7.5% Annual Debt Service would be: $2340So Annual positive Cash Flow would be: $3185 (if expenses A – owner claims) (or $265 a month)OR $2160 (if expenses B – using 40% of gross rents) (or $180 a month)Repairs known (before property inspection) needs new exterior and interior paint (additional $1,500), Roof is approximately 10 years old The money seems small but consistentDuplex Located in Buffalo, New York There have been a lot of foreclosures in that area – some I can tell were investorsOn the plus side, these tenants don’t seem like they are going any where soon.

May also have to pay SET (self employment tax) which is basically both halves of the social security and medicare tax, about 15%.

The current situation is that profits are privatized , but losses are socialized (as Wheatle indicated).