Because your choices are to sell the property or to fix the property, and fixing the property is going to cost a lot in time and energy.

Honestly if you just treat it like would I be ok living here if I had absolutely no other choice, you will be fine.I love my section 8 tenants.

Whether you get financial/strategic advice from anyone else, I think you would want an accountant who can give you tax advise specifically.

Exploring secondary or tertiary markets can be a strategic move, especially in regions where this ratio is more favorable.

The partnership with Brittney Sciandra exemplified our collaborative approach to maximizing property value through strategic investments.

There are plethora of landlord platforms that force you to use their own 3rd party banks to deposit rent and charge $2.5-$5 per transaction to directly ACH into bank of your choice (ex: I love Chase Bank).

It is effective Aug. 1, 2024.This ordinance is referred to as the Source of Income Discrimination Ban Ordinance" - which is identified in File #231019 and amends sections of Chapter 38 (Civil Rights) and Chapter 34 (Health and Sanitation) in the Missouri Revised Statutes for the purpose of classifying source of income as a protected trait in regard to housing discrimination.Here are some key takeaways from the attached ordinance:This ordinance bans discrimination against tenants based solely on:Source of income from an occupation, including gig work or paying rent in cash Use of public programs like Section 8 Housing Choice Vouchers, disability checks, or social security Poor credit score Prior evictions and alleged damages older than 12 months (less than 12 months can be a basis for denial) Prior convictions or arrests (sexual and violent crimes are excepted, a landlord can still deny based on these convictions)The ordinance also requires the city to proactively scan for rental ads using discriminatory language like "no Section 8" or "no past evictions".Landlords who are found to be in violation of the ordinance with respect to source of income can be fined up to $1,000 per incident.

Your choice, but it is not reasonable to expect to pay lowest rent and living in above minimum maintained properties.  

This will free up your time, allowing you to focus on strategic growth and new investments.- Automate Systems: Implement property management software to streamline tenant communication, rent collection, and maintenance requests.7.

Definitely check in with my strategic lender since 2003 @Joseph Chiofalo they have some exceptional FHA programs and he is one of the best in the business.