I definitely ended up passing on this "deal" based on the red flags.

There's definitely challenges, but there's definitely tons of demand for Section 8 in the Cleveland market, especially for single family properties. 

Was wondering if anyone else on here had more information. 

I definitely agree that rent by the room is awesome for increasing cash flow - again, it does come with it's headaches but with the higher risk comes higher reward (I've been doing it for almost 3 years now, it's really the only way to make the numbers work with little cash down on properties).From my personal experience, talking to others at meetups, and reading this post, I think there's definitely demand for specialized rent by the room property management.

Hey Lolo,There are definitely some less-than-stellar property managers here in Columbus.

It's definitely tricky.  

There are definitely horror stories, but MOST of them work out well.

I think the ability for the lower cost places in the midwest to 'cash flow' has been way, way overstated.If you know a market well though, that's definitely an advantage.

It definitely seems like you could make a killing there, but it's going to take much more up front cash then LTRs.

After he teamed up with a local intermediary in the Bay Area.. from what I read in the Wall Street Journal, Lockton has been helping investors streamline these moves.. he ended up freeing enough capital to invest in a mixed-use building in San Antonio that we’d been eyeing for a while.I’m no attorney or CPA, so I’m not giving legal or tax advice here, but there’s definitely something to be said for repositioning your insurance to fit your broader investment goals.