The program was created to give low-income tenants an alternative to living in federal project housing.S8 sets their rental rates to the LOW-END of market averages, if not slightly below.What the gurus do NOT tell you is they expect you to get a Class C S8 tenant to rent a Class D property.

I started last year and have completed three successful projects with 30% returns before tax within 3-6 months.

Looking forward to seeing what projects you’re working on!

Once you've got that experience, you can slowly transition to solo projects. 

When there is "value add" in the project the returns are much higher but you wait about 5 years and hope the market doesn't change in the meanwhile.

I have heard of instances where one (the borrower) is allowed to choose the appraisal company or put in a recommendation for one which the institutional bank may honor, and then the person already knows someone there, that they have gotten to know with time from other projects, and it's not unnaturally inflating value but favoring a good one to keep the reoccurring client.  

Perhaps not a trend to consider across the city but any neighborhood that would attract college educated young professional families seems to be a good bet if you wanted to focus on this asset type.I plan to build 12 townhomes as a second phase of a condo/townhome project in a good area of Mount Airy near the Chestnut Hill boarder and even though I’m likely to years away from being ready to begin phase 2, my current plans are to keep the 12 homes as rentals for the precise reasons I outlined above.  

We served the tenant 90 day notice as she was throwing massive parties in the home with complaints from neighbors, etc.

Project CloseoutI'd suggest using AI Gemini or ChatGPT to get you a starting point....then get feedback & and revise if needed. 

I am not saying all smaller syndications are good places to park your money, and all larger syndications are bad but the smaller syndications who are in pursuit of the smaller checks are doing so because they are the only viable check writer for their projects, not the preferred check writer.