If his income situation doesn't change though, you'd need to ensure that he vacates at the end of the lease term if he can't pay all rent up front again.

Itay, In my experience Section 8 is based on the persons voucher/ situation.

I realize the true answer is "It depends" because each situation will differ based on the property, the location, the seller's situation, my situation, etc., which is why I ask about a standard/average deal.

- Consider your current financial situation and how much you can afford to invest.2.

@John Mason do you recommend a HELOC in this situation?   

This will create thousands of additional jobs, which will attract more people to Las Vegas.To summarize the Las Vegas situation: There is continually increasing demand due to population growth for an almost fixed number of homes.

We hate putting the utility bills in our name but in these situations that is what we do.

Mostly folks looking for non-competitive situations including town homes, run down houses.  

Hi there,Congratulations on starting your real estate investing journey and completing the rehab on your Detroit property It sounds like you've done a lot of work and are now at a critical decision point.First, let's break down your situation:- You've already done major rehab and have a tenant in place.- You analyzed the hold option and know it can cash flow.- The property is not getting much traction as a turnkey, and your hard money loan is maturing soon.Here are some key things to consider:**Refinancing with a DSCR Loan:**- DSCR (Debt Service Coverage Ratio) loans are great for investors because they focus on the property's cash flow rather than your personal income.- Make sure the property appraises for the calculated ARV (After Repair Value) to get the best loan terms.- Consider the loan terms, interest rates, and any prepayment penalties.

Also what could I be getting myself into that I’m not thinking of or simply bypassing here..Who is expected to pay for this ordeal in this type of situation..and for what exactly?