@Stepan Fedetskiy section 8 can be good option if you have a good PM who maintains the property in good shape all the time as per the needed standards. best part is govt pays a portion of the rents so you dont have to chase tenants, downside the upkeep of the unit will eat up appx 20%. so its little tricky..sounds good on paper but when you go through one you will get an idea. i had 4-5 section 8's , 3 of them had no issues, but 1 of them had lot of issues and ate up all the profits.  

In a blue state I would probably eat the $600, but no way I would renew them at the end of their lease.

High upfront costs and interest rates from lenders can quickly eat into profits, and funding delays can slow down projects. 

Whether it's something that eats up your time or just feels like a never-ending task, I'd love to hear your thoughts! 

Even if you buy it at appraised value EVERY single investor that buys at market value is under water day one if they have to sell.. transaction costs will eat into the market value..

This extra scope of work make it over budget and start eating profits.

I can go to Mexico (Yucatan) and spend less than $200/day and have an amazing time, in awesome hotels, eating fantastic authentic food, drinking until I'm wasted and going on multiple excursions. 

I’d hang onto it with that 3% rate if you can afford to eat that 1k/month.

These were largely sourced pre-CV19, so eat the fish and spit out the bones.The DTI percentage range varies by lender, and is less than what you will find for an owner occupied property, due to lender risk.

If the Multi-Fam does not have individual utility-meters for all units, then you have to figure out what to do or it can potentially eat away at your cash flow.  99% of Single Family homes do not have this problem.These are just a few pros and cons.