I found out those two factors still couldn't guarantee they pay their rents on time. 

As I recall I paid some fees, but no points.

Some investors make it work by targeting less saturated areas nearby, but a lot of folks find more affordable markets out of state, which can make this strategy more feasible.Capital needs can vary quite a bit depending on factors like partnering, financing options, and property types.

There are a lot of factors that go into this and a lot of levers to pull.If none of this works and the goal of the new purchase is to househack that property into an investment property, you may be able to use a DSCR loan to buy the new property as an outright investment property.

If think you'll have capital expenses I'd factor those costs in. 

They charge 15% reservation fee for a complete management or $150 monthly if you do place bookings and they do coordinate maintenance, inventory, cleanings, front desk, admin stuff, and etc. 

So with the full fee we counter offered and that busted the buyers budget so they could not get the really cool upgrades the wife wanted..

. - that were new when the S8 tenant moved in 1-2 years ago.Another challenge of finding S8 tenants is many EXPECT you to waive application fees and security deposits. 

I’ve been reading extensively on strategies to minimize tenant vacancies through smart investments, and I’ve come to realize that many other factors play a crucial role when managing rental properties.

Quote from @Luis Pereiro: Quote from @Jay Hinrichs: what position that's an important factor.. bare land notes generally sell for a 20 to 30% yield.