As far as whether to rent or buy, it depends on your personal situation, though as it's a new area it may be a good idea to rent for the first year while you decide where you'd eventually like to purchase.

                                                             - Interior/exteriors are OK (new carpet and paint eventually, in one home)                             - About 5 appliances will probably need replacing w/in next 5 -10 yrsThank you!!

We eventually worked our way off of government assistance and we are doing very well financially.

6) Many S8 tenants eventually stop paying their portion of the rent and/or utilities.

Unlikely.Does that 5% for repairs account for turnover costs and the costs to do repairs when you eventually have a bad who trashes your house?

I have 2 rental properties(a 2 family home that I bought 9 years ago that needs new roof eventually and a short term rental a few hours away up north that has a 5.2 rate and is very updated) I used a cash out refi in 2021 for the 2 family to take out 25k(and it lowered my payment, went to a 3.2 rate for 25 years for the 2 family) and then used that 25k to buy a 240k cabin up north to use as a short term rental and family vacation home.2023 was the first full year for the cabin and it brought in 25k, however expenses were 36k, so 11k in the negative.

But trust when I say, you will eventually have one of these calls and it's going to be sleepless nights and $$$$$. 

Is your general expectation in this case, that all the older buildings will eventually be demolished?

In my case, I was under contract on two last month but the GC walkthrough had the rehab a bit higher than estimated and we asked for price reduction but seller wouldn't come down enough.Not a problem though as you move on and keep making offers and one will land eventually! 

I'm eventually going to be a Seller as I unload my portfolio within the next 5 years.This Ruling means I don't have to worry about Buyer Agents refusing to show their Buyer Clients my properties because I didn't offer a Buyer Agent cut on the MLS.In my Market of multi-million dollar properties, 2.5% Buyer Broker Commissions is easily $50k.My overall assumption is that the incentive of the Buyer Broker Commission effectively steers Buyers away from these properties or the Buyer Broker just doesn't get paid since the Buyer really doesn't sign an exclusive in my Market.This ruling seems to take away the unintended consequences of the old system to let a listed property with no Buyer Broker Commission split languish.