Their portion of the rent amount will be adjusted once they secure employment, but your rent amount will be locked for a full 12 months.My requirement is that a SEC 8 recipient holder have at least one times the rent amount.

An MOU is not a signed contract so you will see lots of protesting with some resulting in adjustments and additional concessions being made before this is finalized.

You ought to use an adjusted cap rate to assess the viability of a property.

My thinking is that sticking with the blanket criteria will provide the protection of sticking with the numbers and not making “exceptions,” but you may lose out on opportunities for commanding higher rents in the first case or may lead to higher vacancy rates if you don’t adjust down in the latter case mentioned above.

@Joshua Von Schlutter this is a very common question and they both have their pros and cons to them.Line of CreditTwo of the common areas of concern for LOCs I see out there is the 10 year maturity date and the adjustable rate.

Pros:Easier to buy properties at better pricingAble to adjust and sell in declining markets to buy in upcoming marketsForces you to learn and get educated on all the real estate complexities.

Do I need to adjust my expectations of what kind of profit I want for the risk, or am I just way overestimating my costs?

We took our condo off the rental market and put it up for sale some 75 days or so ago, adjusted the price twice, and haven't gotten a single serious nibble. 

Scott shall not be considered active under the following circumstances: unemployed while seeking gainful employment, on disability from full time employment, retired from government employment, or other circumstances out of control and atypical to choosing to pursue his housing business endeavors as his sole source of primary income. 1.Should Scott choose to “actively” engage in housing as his source of employment as defined above, Scott agrees to give 25% (twenty five percent) of his net profits accrued from his active efforts during the period of marriage to wife in the case of a divorce.2.Payment of such percentage of funds shall be payable over 120 equal monthly payments, or equivalent to no greater than 10% of Scott’s New York State Adjusted Gross Income, verified annually with payments adjusted the 1st of November each year, whichever is less, to ensure no undue hardship to Scott or the business will be endured.

Wondering also to any fellow airbnbers if cleaning fees are adjusted accordingly for the real messy types...?