I allocate 20%-30% of profits for growth while keeping enough for emergency reserves.Plan for Taxes EarlyDon’t forget to set aside funds for taxes.

Unless of course you are in the trades and need something like a work van.

I'm an accountant by trade.

Amarillo, actually.  1960’s build, nice area, but a family trade thing I never particularly wanted.  

Thankfully, my wife is still working, and we have a few months’ worth of emergency funds to cover our expenses.

Investors should fully understand that Section 8 is not a cure-all for Class C & D tenant challenges, it's just trading one set of problems for another.We see too many investors not doing enough research to fully understand all this and making naïve investing decisions.

@John Kim @Travis Biziorek is 100% correct.S8 really isn't difficult, but it's not the answer to everything that the self-proclaimed "gurus" make it out to be.With S8 tenants, you're just trading one set of challenges versus direct paying tenants.When we advertise a rental, we take the best tenant we can find, immaterial of their source of rental funds.You want to be careful investing in the City of Detroit because there are a lot of "crooks" trying to sell you Class D properties dressed up to look like Class C or B.Connect with us or Travis for more info!

In our trade, I would not expect any owner or GC to get this correct since our industry is extremely specialized.

Of course there are always headwinds, but emerging tech such as nano, robotics, AI, bio, alt fuel, etc. still have an outsized footprint here, and will still be a powerful driver. 20 years from now, who the hell knows, but for the next 10-15 my bet is still on SF. 

His reputation in the real estate world is garbage and he loves to say he does not trade time for money yet to find, purchase and renovate over 700 properties, deal with Section 8 tenets, time spent dealing with lawsuits etc he is doing exactly that.