I wish that I had thought to ask here before buying a home through Ready REI (aka Millen Connects LLC).

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $850,000

Cash invested: $500,000

Sale price: $2,250,000

Purchased , knocked down, built new from ground up

...

I own a roofing company in Denver and a separate gutter company there too. 

The home needed a lot of work including roofing, windows, siding , kitchen, baths, and mechanicals.

Just make sure you keep enough in an emergency fund in case a roof or furnace goes out. 

Purchased for $69,000, I tackled everything from a new roof to interior updates, transforming it into a move-in-ready home.After months of surprises (and a few headaches), I sold the property for $145,000.

This isn't always the case, but in general, I've found Section 8 homes tend to require more frequent minor repairs.

But the other side of the coin is correct - the downside, and it can be huge, is potential assessments from HOAs who aren't solvent enough for new roofs or roads or maintenance.

That seems like an expensive roof - does it need to be completely torn up and rebuilt to hurricane standards?

To save those costs, you might want to stick to some year build and older, for example, if you cannot do inspections on the properties that you are buying due to off-market deals or something else that is hindering you (all sellers I buy from do not want anyone in the home till we close).