. - Tenants are incentivized to not damage the property (can lose their voucher if they are found liable)- In my experience, tenants tend to stay for longer periods of time rather than non-section 8 tenantsCons- The unit is required to meet a certain standard and pass an inspection prior to tenant occupying the unit - Tenants tend to have a lower credit score than most landlords were prefer Happy to connect and share my experiences as an out of state investor and share some additional tips. 

Might consider a longer amortization period with maybe an interest only option on the front end. 

Hi all, I am looking for updated information on list services.

(after pay off, and cover insurance and taxes, profit of $1100 per month).Problems: We initially were trying to get properties paid off in 15 years or less so we would have profits every month in a short period of time.

Quote from @Jackson Ebersole: Hi Piper,It's always smart to flip properties in-state, and I'd like to share some updated insights on why this approach is beneficial, especially in the New Jersey area.Lenders typically feel more comfortable with in-state flips because:You can manage the rehab more easilyYou have better knowledge of local real estate trends and valuesYou can respond quickly to issues or make decisions fasterThere's a lower risk of fraud or being taken advantage of by distant partnersI can help you with recommendations for the New Jersey market:North Bergen: Continues to show strong potential, with average profits now around $150,000 per flip and a gross ROI of 85%.Willingboro: While specific flip numbers aren't available, the market remains active with a gross ROI now averaging around 130%.Gloucester City: Still a top performer, with gross ROI hovering around 180-190%, though still on smaller profit margins.Irvington: Home values have continued to rise, with a 20% increase over the past two years.East Orange: Has seen steady growth, with home values up by about 16% since 2022.Paterson: Experienced a 14% increase in home values over the last two years.Additionally, Jersey City and Newark have emerged as promising markets for flips, with strong appreciation rates and growing demand.

I bought it off market at a great deal with a conventional mortgage as a primary residence with the plans to rent it after the 12 month period has passed so I can legally rent it.

Please keep us updated! 

This way, it’s not a shock, and they’re more likely to stick around.Market Update: Let them know the neighborhood is changing, and so is the rent (to $1,100).

Do BRRRR on steroids, where you act as your own HML and get your 100% money back within a month (not the whole seasoning period).

The kitchen has upgraded quartz counters, SS appliances, and they updated the bathroom as well.