And you probably need money for living expenses.

It would also be much easier to manage considering you are currently living in Arlington.

Currently, I live in Hawaii, house hacking my own property, and am looking to expand into out-of-state long-term rentals.My goals now are to master the art of wholesaling, continue raising private money, and build a strong portfolio of long-term rentals.

I also live in Tomball and have a similar need for a CPA with heavy RE / investment income experience.Matthew

I'd level up with a BRRRR, live-in flip, or house-hack before jumping into a challenging renovation.

Some general pros v cons - I'm sure other people will provide other insights as wellPros: -Above market rents- Monthly rent payment on time that you don't have to worry about or chase anyone down for (if full pay)- No shortage of tenants depending on your standards - Tenants are incentivized to not trash/destroy the unit, otherwise they'll lose their voucher (Yearly inspections made by local S8 inspectors to keep everyone honest- Rental payouts are normally adjusted 1-2 times a year to keep up with market rentsCons:- May take a little while to get onboarded - dealing with local govt can always take longer than expected   - Generally won't have a super high credit score (to be expected given it's the govt paying for rent)- Each unit will need to be inspected and meet a certain living standard in order to be approved for fundingYou'll want to make sure you work with a property manager who has extensive experience in working with S8. 

But the issue you will have to live with is the fact that you will have to disclose this.

Let them know how much you enjoy living in the home and mention that you’re planning to buy your own property in 2025.

On the rental agreement it should clearly state that only those listed on the lease are allowed to live in the property. 

I have lived in Hawaii for many years but now that I’m a traveling healthcare provider, I am off island more often than not.When I’m not on contract I would love to have a place to return to and when I’m away I would love to rent it out for some additional income.