This approach ensures you’re making decisions based on logic, not emotion.

Quote from @Reeves Bennett: My name is Reeves Bennett, and I am a real estate investor and entrepreneur based in Wynne, Arkansas.

Terms are usually based on the deal, and your overall profile.

Most who succeed are really running a business and reach scale that provides some relief through efficiencies.

@Thomas HaessigImpossible to really provide any type of in depth response based on information provided.

Sounds like no HOA, which is great--- but based on what you are saying I think it's worth setting it up. 

Not every state or city mandates that any landlord has to accept Section 8, because the landlord has to not only subject their property to Section 8 inspections, rules and regulations, they also often have to separately arrange for the tenant to pay the non-covered part of the rent and can face difficulty evicting just based on that.

They will generate a report to you based on their findings.Type 2 - conducted by an engineering firm where they will have you complete a questionnaire.The questionnaire will ask you details regarding the house and therefore, I would recommend having a home inspection or appraisal at the time of completion.The above two studies have pros / cons and differences in cost and turnaround time.Best of luck.

@Levi Perl - we can cashout at 75 or 80% (based on your dscr) at any time (tenant ready). 

What I would do today knowing what I know and based on my age (im 54 now).