@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! 

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. 

In a healthy Association, they've taken into account that this will need to be replaced, and have planned for it, essentially charging everyone who has lived there over the last 20 years a nominal amount to be put toward the new roof when it's needed.With an unhealthy Association, they try to keep HOA dues artificially low, and when a repair is needed, they levy a Special Assessment, which puts the financial responsibility on those who live there currently. 

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.

With most of the homes paid off we are almost but not quite making enough to retire now from rents alone so we are thinking of tapping into the equity to make up the difference (of course the debt service is going to eat into the rental income).