We've never had a rental property before, but we are handy and I do have some time/energy to put into such a thing.We have a house in the Boston metro area that's worth around $900k.

A reliable contractor or DIY husband/wife will be an integral part of hosting a desirable and profitable BNB.- Refresh & Reinvest Expounding a little on the topic above, vacation rental ownership is not a set it and forget it.

Alternatively, you could install energy-efficient fixtures and appliances to help keep utility costs down for both units.

Your local PHA may also have resources to help match landlords with eligible tenants.The PHA must approve the lease agreement, ensuring it complies with Section 8 rules and rent limits.Pros:Guaranteed Rent Payments (sometimes even 100% based on certain tenant criteria)High demand for Section 8 rentals, which can reduce vacancy periods.Many Section 8 tenants prefer to stay long-term, reducing turnover rates.Cons:Properties must meet and maintain HUD's health and safety standards, which can involve additional maintenance and inspection requirements.The PHA limits how much rent you can charge, which may be lower than the market rate in some areas.Tenants must qualify for Section 8 based on income level and other factors, which may limit the pool of potential renters.Dealing with government agencies can sometimes be time-consuming and bureaucratic.In summary, converting your home into a Section 8 rental can be a good strategy for attracting and maintaining long-term tenants due to the stability and reliability of government-backed rent payments.

Out of state can be difficult if you don’t have a reliable team in place.

And the lack of issues when using VRBO means you save a LOT of time and money...every little issue sucks your time and energy, and energy/time=money.

I build this rep for myself not because I am good at it, but because I help people understand how it works.Do the same, and you too shall become the expert in your space.Now you have a credible website, and you have polished social media accounts.Look into facebook ads, PPC, tiktok youtube, and SEOThere is where you start and this is the ONLY way to do it reliably with predictable success without having to resort to strategies with less than a 0.1% success rate.The result?

You'll need reliable local contacts, such as property managers, contractors, and real estate agents.Regulatory and Legal Differences: Each state and municipality has its own set of real estate laws and regulations.

Screening for a good reliable tenant is your most important step, don't blow it.

I renovated the house to have energy efficient windows, doors, and energy source (solar panels).