The rent is always on time (at least the housing authority's portion).As Phil mentioned, Section 8 can be good, but you have to pass annual inspections and meet Housing Quality Standards.

We also schedule an annual inspection about 45 days prior to the Lease expiring and present the Lease Renewal at that time if the home appears to be well taken care of.

As such they need a board of directors and you must hold annual meetings.

I haven't purchased any triple net properties yet, but the few triple net leases I have reviewed have included provisions for an annual increase in rent.

Negotiate a 7 - 8% annualized interest only payment (paid quarterly) for the private money investor.

It has annual expenses of about $27K - which seems a little high.

@Josh Wolfe I hope your investment works out for you; I'm sure there are a number of people who would not have gotten started in this business without getting educated from one of the "gurus".

Sounds like there might be several people on the board interested in learning more.I have had good luck with Eve Wolfe at Capital Title.As for contractors...

Debt expense is roughly $2400 / month Annual Tax: $10,500 Insurance: $3,500 Heating expense (Nat Gas): roughly $4850 / year (One boiler for entire building & two water heaters) Estimate expenses at 5% of Gross Income Annual Rent Roll: 70k ACQUISITION COSTS: Lawyer: 1k Appraisal & Environmental: $2300 Tank Sweep, LLC Set up, Survey, Misc: $1500 Title Fees & Bank Attorney: $5K Bank Origination Fee, Gov Record Fees: $3k The property did come with one unit vacant which I filled this month.

In May we have a our annual "What I would do differently" event where our members get on stage and discuss what didn't go right on a deal and how to avoid it next time.