Your standard landlord policy isn’t going to be valid.  

Here's how to get started and advice on each area:Section 8 Rentals:Education: Learn about the Section 8 program, including eligibility requirements and benefits for landlords.Networking: Connect with local landlords who have experience with Section 8 rentals for practical advice and insights.Property Selection: Look for properties in Raleigh, NC, and surrounding areas that meet Section 8 housing standards and have potential for rental income.BRRR Method (Buy, Rehab, Rent, Refinance):Research: Study the BRRR method to understand how to find undervalued properties, finance renovations, and refinance to pull out equity.Partnerships: Consider partnering with contractors, lenders, and real estate agents experienced in BRRR to streamline the process.Market Analysis: Analyze local market conditions to identify neighborhoods with potential for property value appreciation and rental demand.Airbnb Properties:Regulations: Familiarize yourself with local regulations and zoning laws governing short-term rentals in Raleigh, NC.Property Preparation: Prepare properties to meet Airbnb standards, including furnishing, amenities, and guest experience.Marketing: Develop a marketing strategy to attract Airbnb guests, leveraging platforms like Airbnb and optimizing property listings.Overall Strategy:Continuous Learning: Stay updated with industry trends, attend local real estate meetups, and consider joining real estate investor groups.Financial Management: Manage your LLC, Opal Capital Holdings, effectively to track expenses, income, and tax obligations.Long-Term Goals: Keep your multifamily apartment goal in mind, and progressively scale your real estate portfolio based on experience and market opportunities.If you would like some help getting started, or just want to discuss please feel free to reach out to me directly.

Expenses: Mortgage: $3655.55,Property management: $470, Water: roughly 100/month.

It comes with the territory like a water leak, roof damage, etc..My $0.02 ...

When she went to the basement, she saw that the water was pouring very rapidly.

At the time it seemed that most of the people buying these types of homes were about 50% of people who were a hot water tank away from giving them back to the back.  

I'm still very bullish on Florida especially Tampa area beaches and the urban corridor with the Water Street Development. 

In my area garbage and sewer are the most common examples, but I have seen places where water and electric are municipal utilities as well.

Find out the life expectancy of a hot water tank, then bill the tenant the difference.

In this heat have lots of cold bottled water for the guys .