In this instance, if comp is set at 2%, you may see an additional $3,200 in Section A of your loan estimate/closing disclosure for a DSCR loan where you may not see that on a conventional loan.

I have a call with a couple of out of town investors who are interested in investing in section 8 in detroit. 

The run down trap houses that used to be there including the lots maybe 30-45k in value, now there are 400-550k homes sitting in their place.

Hi, I am looking to start investing in section 8.

I know that can be a trap for many now, because, to put the shame of their impoverished pasts behind them, they take on oversized mortgages and car payments and loads of lifestyle expenses that keep them living paycheck to paycheck forever.What have you had to unlearn along the way to achieving your own goals?

(BTW, I have a hypothesis that because it smells so bad and is full of VOCs, original formula MH Ready Patch is repellent to boring and wood-eating insects, but that's just my wild guess).

The Assessments levied by the Association shall be used exclusively for payment of Common Expenses including, without limitation (i) the upkeep, maintenance and improvement of the Common Areas and other maintenance obligations set forth in Sections 10.1 and 10.3 below; (ii) maintenance, repair, replacement, and operation of rights-of-way and easements within or immediately adjacent to the Project (e.g. landscaping and sidewalks within the right-of-way of adjoining streets) to the extent that such actions are required by government entities or deemed appropriate by the Board, (iii) promoting the recreation, health, safety and welfare of the Owners and other lawful occupants of Lots within the Property, (iv) payment of property taxes for the Common Area; (v) insurance premiums; (vi) legal and accounting fees; (vii) management fees; (viii) charges for utilities and other services provided to the Common Area by the Association, if any, and for all utility charges paid or incurred by the City and reimbursed by the Association for street lights in the Common Area; (ix) costs to maintain the entrance features, including any electricity, landscaping and irrigation expenses associated therewith; (x) the performance and exercise by the Association of its rights, duties and obligations under the Project Documents, and (xi) maintaining any Stormwater Control Facilities located on portions of Common Areas to the standard required by the governmental entity or agency having jurisdiction over such areas.

This is actually one of the most common traps a lot of investors fall into.

They can't trap me in the contract.

But once you're in RE, that money is trapped forever.