Use the holding costs recouped from the mfu to cover new holding costs on the primary residence, and likely pay oop on the PITI with PMI10.

@Glenn N.Typically when lending you pay taxes in your home state only but if it defaults and you foreclose then you own property in Florida and would be subject to Florida taxes

My first six Section 8 tenants I did not get paid for first four months AFTER the tenant moved in, so I had to cover those carrying costs out of my pocket.

Cover half the mortgage/utilities/insurance/taxes etc 4.

With that being said, the subject property's PP seems a bit too high but before I go back to the broker to provide my feedback I want to ask anyone here if I'm missing something here.What do you all think?

Now I’m not familiar with the subject area that your question about, but you can get cash flow from day one by paying cash.

In general we cover all utilities including wifi.

Both can be quite expensive over a year and you want to be very clear on what those are, what they cover, etc before you purchase.

Hard money is typically all about the deal, so if you're bringing in 20% for purchase and covering rehab, you’ll need to assess if the deal can still make sense after those upfront costs.One potential workaround is to look for lenders who might offer 100% rehab financing based on the ARV, or you could consider bringing in a partner to cover some of that 20%. 

Landlord’s only option to collect funds for damages is to take tenants to court.More and more tenants are only having a portion of their rent covered by S8, so landlords need to still screen S8 applicants for portion they must pay.Landlord cannot charge S8 tenants a portion of shared utilities – which can lead to the infamous tales of tenant retaliation against landlord by blasting heat on high with open windows during winter.S8 caseworker response times can be very slow, as they are usually overworked & underpaid.Again, overall it’s a pretty good deal for a landlord that does some decent screening.Exposing Section 8 Housing | Tenants From hell 243 - YouTubeLiberals Blame this Eviction on Landlord Despite the Before & After Footage | Tenants From Hell 241 - YouTubeMy first Baltimore buy & hold investment - SOLD (Lessons learned) (biggerpockets.com)Besides MANY self-labeled "gurus" exaggerating their success, many of them just supply readily available info.If you're too busy to find the info and are willing to pay for it, no problem as you accept their time vs money solution.REGARDING S8 GURU ISSUES SPECIFICALLYMost of them don't share all the facts about how Section 8 actually works.They claim you can get HIGHER rent from S8 tenants vs private-paying tenants.Why would the government allow our tax dollars to be spent this way?