Blethen(emeritus).some comments.......Pleasechange Seattle’s Rental Housing Policies in 2024Ifthe City of Seattle wants to preserve single-family and smallmulti-family property affordable rental housing, it should considerenacting policies that support the continued presence of this typeof property in Seattle’s rental market.

I.e. if you pay $1,500 in rent right now, when you are living your own property, you are in a better position as long as you are spending less than $1,500/mo all said and done, so even if you are out of pocket $800/mo, you have better cash flow and building equity than just continuing to rent.All that being said, in many markets, most deals are not cash flowing unless you put a significant amount of money down on the loan.  

There are a lot of great things that come with renting two Section 8 tenants like an annual guarantee of income once you get a negotiated price on a contract with HUD but this does not negate the fact that there is good and bad to everything and whether that be a cash pay tenant or a Section 8 tenant, it's ALL about the way you do business, and whether or not you have experience to be able to recognize the way that certain things should or should not be handled so that you end up benefiting from the situation instead of losing. let's keep this thread going, if anyone else has any other insights please continue to post this is a great thread because there is a lot of general misconception about Section 8 HUD tenants, properties, and investors, it is certainly a niche market so to speak but if you know what you're doing it can be extremely lucrative.

Yes, that's tax free income, from two properties a year...continuously. 

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Buyer could either, purchase the house now, while seller continues to make all mortgage payments until he is out, as well as NO Seller finance payments to be made until seller is out.

Approached multiple real estate agents in my market with the attempt of understanding pocket deals and to make offers on distressed on-market properties they have listed on the MLS. I have received nothing but respons...

I think this is going to be in most states. good information and we should all (continue to be) careful about this going forward!

If I continue at the rate I am I should hypothetically have it paid off in about 4 years even though it was a 30-year mortgage.My question is do you all recommend just paying the minimum on the mortgage and then saving the extra in a high-yield savings until I have enough to put a down payment on a rental?