Here's an ideal PM contract: The two keys are: The PM is incentivized to make you money, not charge high fees, and is contractually bound to provide reporting that you can understand in a timely manner. 

As someone new to real estate, I’m curious if going this route is a smart move for a beginner or if there are better ways to start investing.

Do you even want to keep the home in MN since you moved? 

Life started moving fast as many probably can understand and I completely fell of track.

The key is understanding the nuances of the program and making sure your property aligns with their inspection standards.In Detroit specifically, Section 8 tends to work best in C and C+ neighborhoods.

My question is, would selling this asset now to clean up all my personal debt (~$50k) with the leftover used to reinvest be my best move currently in your opinion?

Upon his moving out, I checked the outside cameras and noticed he was taking out all the contents of the home and putting them in a moving truck and his car.

Key points include:Security Deposits: In Indiana, there’s no legal cap on security deposits, but you must return the deposit (minus any valid deductions) within 45 days of the tenant vacating the property.Evictions: Follow the formal process carefully.

Depending on how it is done and what guarantees the government offers and requires of the released entities, interest rates could move slightly higher.

So, we buy basically move-in ready and let the market do the appreciation instead of me 6 months full rehab.