Adding in taxes and insurance you are probably going to be around another $250 for a total of $1,093.00+/- that’s a positive $507.00 a month cash flow on a $130K which is good. if the rents are $1600.

The data is clear:  Stable, B class investing of quality assets, professionally managed makes investors rich through equity. 

Here are some quick end-of-year tax strategies to offset rental income:Cost Segregation: Buy a short-term rental (STR), put it into service, and use cost segregation to accelerate depreciation.Prepay Expenses: Pay for repairs and insurance now to deduct this year.Defer Income: Delay rent until next year to lower this year’s taxable income.Maximize Deductions: Deduct property taxes, mortgage interest, and insurance.Charitable Donations: Donate before year-end to reduce taxable income.These won’t offset W-2 income but will help reduce rental taxes.

It's not that dry closings are illegal, but most title insurers will not insure closings that are dry funded.

After insurance, tax, mortgage, and pm fees, net income is $40,057. $24,540 annual in annual interest to the bank.

Double-check whether one of those fees could be mislabeled or duplicated by mistake.Since you're using OHFA’s 5% DPA, you should expect some additional fees related to that, like possibly higher closing costs or mortgage insurance.

My insurance is $120 per month.Is this deal possible?

I love it for the guaranteed rent, tenant stability, additional accountability with the housing authority and large demand for Section 8 housing without enough supply.With strong screening, I'm able to find great tenants and Im not owed any rent.Cons you will often hear is that the tenants are harder on your properties (doesnt have to be the case in my experience if you screen really well), the Housing Authority is a pain to deal with (this depends on a couple things - how well run your local PHA is and how good you are at handling process & details) and the extra inspections/red tape make the niche unprofitable (see what I said above about Housing Authorities).Done right, I believe Section 8 is one of the most stable & profitable. 

@Jesse Herndon and @Troy Biggs, We are in the process of selling our primary residence and will be full-time RVers as we explore the US for the next year (or more :)  We currently own 4 rental properties and I am wondering if you can offer any advice on liability insurance. 

I've seen a lot people worry about the cost of insurance.