Once you mention that their voucher may be taken away in an eviction, they normally get their act together.That’s a nice formality you have there!

At the price point you qualify for, I'd be looking at a more landlord friendly state with more approachable price points.

Work with a real estate attorney to draft a formal agreement that outlines responsibilities and protects both parties. 

@Brad Kanouse Using Traditional IRA funds for an investment property typically incurs income tax and a 10% penalty if you’re under 59½, as investment properties don’t qualify for tax exemptions.

If your AGI exceeds $150K, passive loss limitations apply unless you qualify for Real Estate Professional Status (REPS).This post does not create a CPA-Client relationship.

This is a long revived post- I'll add a little tax pro insight from what's happened in the last 2 years The IRS went from < 100 engineers on staff who were qualified to audit cost segregations to a few hundred. 

These days the hardest part for me is finding & keeping qualified contractors for the work that always needs to be done.

They’re requesting what feels like an unreasonable amount of information, and the demands keep escalating.So far, they’ve asked for:A video tour of my home officeCredit checks on me and my partnerCopies of the deeds for every property we ownA copy of my partner’s home lease and utility billsBusiness phone billsA signed letter from the bank verifying our accountsBank statementsHonestly, it feels more like qualifying for a loan than trying to become a customer.

Most of these course instructors aren't qualified to teach anything but the most elementary real estate concepts and try to make their courses more marketable by teaching concepts they have no business teaching. 

You might want to explore DSCR loans, which allow you to qualify based on the property’s cash flow rather than personal income.