I have a couple affordable properties and need help get HAP residents in.

I’d get a couple of estimates if you do this option and definitely try to order your own meters and panels if possible.

Thank you for any info you can provide.Hi @Felicia West depreciation is generally considered a passive loss when it comes to real estate (with a couple exceptions) so it can be used to fully offset passive income from your rental properties.

We have been doing a few get togethers with the local DE people over the past couple of months.

Most legit lenders are going to want to see that you have a couple (really more) under your belt.

If your satisfied with breaking even +/- a couple hundred dollars I think we can certainly find you something in this area but of course your cash flow numbers depend highly on your loan type, interest rate, and percent down. 

Do you need all this for a couple of rentals?

About 2 years ago I decided to become a licensed real estate agent in Michigan and have had a fairly successful first couple years doing that full/part time.  

A couple of thoughts specific to condo investing:1) Be sure to include the condo fees into your cashflow analysis, and budget for potential assessments as projected capital expenses2) Make sure the condo association is solvent - a good litmus test is whether or not the units are approved for FHA financing3) Make sure the condo association rules/regs allow for rentalsGood luck!

I'm in Memphis so I'd like my first couple to be local while I learn the ropes, but I'm down to buy anywhere.