I would count on having at least half market rate tenants, in the event Section 8 rents are higher than market, which they are in our market (granted you will need to subtract the utilities from the rent).  

If it's in a high tax /flood area taxes and insurance could easily be 5-6k or half that then with title insurance points and closing it could make senseWhat is the breakdown ?

The easiest thing to transform them into is storage unit places but there is only so much of that before you have an over supply.

I just feel like they market it in a way where it is the easiest thing in the world of real estate and the best thing and it is worth the price, but it really isn't.  

(Unfortunately, the investor fell for this gimmick and did NOT get their own 3rd party inspections, appraisals or even visit the properties they were buying, against our best efforts to encourage proper due diligence and follow our check list for their own protection.)So now some people are stuck with properties worth half what they paid (not all RWN members), with no renovation done, and constant repairs and vacancies. 

Don't forget, your half brother destroyed your reputation. 

I am half expecting something to come up in the legal or building due diligence that kills the deal! 

For lender provided leads, half of this is the norm.Social media and SEO works, but you have to really niche and be strategic.

Depending on the loan amount for the new property, roughly a little over half of the gain could be deferred through the exchange.Without a 1031, they’ll face taxes on the entire gain, including federal capital gains tax (likely 15% based on their income), California state tax, and depreciation recapture, potentially totaling $130-150K.

Needless to say a lot has happened since I closed my 16 unit a year and a half ago.