I would be interested to see how they hold up.

Before deciding, run the numbers to see how much you’d net after closing costs and fees, and compare that to holding the property with the current rental projections.

Hi there,Congratulations on your decision to purchase your first small multifamily property Here are some answers to your practical questions:### Cleaning Common AreasYou should clean the common areas regularly to keep the property tidy and safe.

I ask because a lot of new investors are getting lured into the thought of them because you get paid by the government this alleged "guaranteed rent", but that's not really how it all works.The Section 8 website for your area or the larger one should have metrics per square foot for the area.I have one section 8 rental and 2 regular rentals.

Why not just do regular cashout refi ?  

Have more reserves that you think you need and also be prepared to hold a property for longer than you may think as well.

That's hitting the 2% "rule", and if you can maintain regular rent on that you've really hit a home run in today's market.

Investment Info:Single-family residence buy & hold investment.

House is in Florida - Tampa area  You can trust that the person trying to sublet from you is gonna be long gone when a costly problem arises, leaving you to hold the bag all on your own.

Depending on your financial status and the health of the LLC and investment it holds they may require a personal guarantee, which would also be you signing as your legal name.