.- Good luck getting them to pay their portion for the duration of their lease- Be careful including utilities in the rent as they then won't care about a running toilet resulting in a $500 water bill.- S8 tenants don['t want to pay application fees- S8 tenants cry broke about paying security deposits- S8 tenants in the program for 10+ years claim ignoreance on filling out their paperwork because they've learned a desperate landlord will do it for them.If you want a S8 tenant, you MUST advertise on www.AffordableHousing.com

So, he made an average of about $20,000 per loan for pushing a pencil and a cheap paper.

Although D neighborhoods may cash flow on paper, in reality these are more suited to very hands-on local investors.

I understand being in high cost market and it being difficult to buy but the "cash flow on paper" inexpensive markets is a gamble.

When it comes to turnkey investments you are paying for convenience essentially you are approaching it like a stock or paper asset when it is very much not... meaning that at some point it needs to be actively managed and evaluated and etc., etc., etc. for example finding cash flowing investment properties which meet your ROI goal of 9% is NOT HARD heck almost every state (and likely every state) has a market which will achieve that but what does 9% mean without a dollar value if 9% is = to $200 or more okay that’s okay but if 9% means $25/mo. or alternatively if 50% ROI means $25/mo. doesn’t really matter much since although labor differs from area to area it doesn’t differ that much and also doesn’t really leave much room for error — so your minimum accepted ROI should also be couple within a minimum accepted $$ value (cash flow) and other minimums as well (i.e. min. equity, property types, property classes, etc.)Lastly as I mentioned achieving a 9% ROI is not hard and is achievable in every state; the HARDER part is to 1) achieve that AND 2) achieve 10-20% min.equity on the buy in or ARV AND 3) meeting your min. $ value AND 4) buying in a good/stable neighborhood/market AND 5) buying with some type of upside AND 6) etc. etc. etc. —- Again I’m not saying you have to do these things; it all depends what type of investor you are and what you are looking for however it is important to understand that if you shift the responsibility of either identifying the invest property or managing or any other aspect there WILL be a trade off — in this case the turnkey company has delivered on your goal of 8-9% ROI (projected... so TBC) and in return you have traded some of the other benefits of investing in RE for the convenience of not having to do much more than to look over the properties they have sent you and funding it from the comfort of your home, office, etc. ... again if this is the goal then you are on point but if the goal is to also partake in ALL of the other benefits of RE then you should understand that and not be surprised that it’s not a ‘stellar’ investment that checks all the boxes.

Charleston etc. is that folks there are HIGHLY dependent on local attorneys to do their paper work/ escrow functions prep deeds etc etc. 

Boiled down it's the idea of owning RE without any of the theoretical "headaches" of owning it - you don't have to come up with all the funds for purchase; you don't have to manage it; you don't have to unclog toilets; ETC.

We were told the secondary market started rejecting the lower priced paper that they were originating and they were forced to raise the rates.  

They don't have time to sit around wondering whether to keep those old boxes of used toilet paper rolls.

Covered over by the tar paper and shingles.