If your goal is financial freedom, which is a long-term goal, not so much.Financial freedom is a long-term proposition, not a one-time event.

You might be better off finding a long term tenant for the time being.

Hi @Raymond Kalonji I would follow what all have said here, but I want to highlight one thing while working with section 8 or any other tenant is very important "timely communication".

There are many reasons why I haven't pursued the arbitrage model, but mainly that it takes too long for the ROI after investing all your time and effort into buying furniture and renting and paying utilities.Let's say you rent an apartment for $1500 and you spend $7000 to furnished it.

I would love to connect next time I’m in the area!

Quote from @Ana Maria: I am a first time real estate rental property investor.

If this is not possible, take some time to get to know and be-friend the other HOA board members before you waste money with an attorney.

I sent him a list of my questions ahead of time which really seemed productive to me.

I don’t know how hard th IRS would frown on it but I’m sure it’s done all the time out in farm country. 

In this room, I would have preferred to rip out the existing paneling, and do the electric and new drywall at the same time.