Perhaps NBC knows someone who invested $200,000 for a longer period, and that person would be able to share a something worth pen to paper.

They may get paid on the 3rd and need to not initiate a payment until their paycheck hits their account to avoid being overdrawn.I personally have a 5 day grace period and rent is considered paid when the transfer is initiated.

Alternatively, you go to Market B where you can achieve BRRRR'S and buy and renovate $100K houses, each appraising for $140K and you repeat this 4 times over the course of a 2 year period.

@Samantha Stephens my experience is the property is only available for those will OO to bid on during this period.

Very difficult to operate low income housing through 3rd party management, especially over an extended period of time.

I'm talking to the seller's broker, but I would like to find my own people to assist with the due diligence period, such as an SBA loan broker, an accountant with experience doing QoE for this kind of transaction, and a lawyer.

I have and we periodically broker deals through Kiavi.

Make sure you've got cash reserves for closing costs (around 2-5% of the purchase price, repairs and maintenance (aim for 1-2% of property value annually), vacancy periods (budget for 3-5 months of expenses), property management (if you're not self-managing), emergency funds for unexpected repairs.When choosing markets, look for those with stable job markets, growing population, and strong rental demand.

Quote from @Brooklyn McCarty: Most PMS’s offer a free trial period.

Loss of income is another coverage that you will probably want to cover any period of time you can’t rent out the apartment due to a covered loss.