I read in the thread he has do reno 5 of them as well, hmm I wish this poster all the best, Someday when I grow up I will be like youAll the best  it maybe a bit much but at least your prepped for it and if you do better on some of them then thats fine but expecting these type of assets to perform with section 8 tenants over the years as he has stated is just dreaming.  

I wanted to be absolutely sure I had complete agency and that I knew how to perform my own analysis over various situations.

You can use a tool like AirDNA to get estimates of property performance in your specific market and with your typical size and configuration of home.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

But let’s go a later deeper - my down payment would come out of a well performing stock portfolio.

.- PM is contractually obligated to perform annual maintenance/inspection to keep property in top shape. - PM provides a cash based accounting report every month, for every unit under management, that clearly labels all rent, all expenses, including management fees, and the net directly ties to the amount of money deposited into my bank account.- PM is a licensed handyman, or has them on staff, and takes care of most unit turn work at a reasonable rate. - PM has no breakup/termination fee- PM does not take project management fees, except on large or complicated CapEx projects exceeding $5,000. 

I even do write ups on my blog where I share their performance and outline the challenges I faced with each one.Why do I do this?

Hey @Sidney Duquette so I am not a fan of buying properties that can't perform with the hopes that it will build equity to offset the losses.

However, you can get loans that are based on the performance of the rental and not your personal income and debt.