I am in the process of formulating a strategy that can be used to leverage section 8 housing and financing to yield a return over 50% Cash on cash .For the past three years I have been renting my 3 bed 1.5 bath home to a section 8 tenant who is paying $950 per month .The acquistion and renovation costs for the property  totaled $40,000.Cost Breakdown:$40,000 property  +cost of  renovationExpenses:Taxes $650Insurance $550Repairs $500Vacancy (2.5% of total rent due to low tenant Turnover)

The investor was the one in the trenches and had the better point of view to formulate a plan to make a soup-sandwich into a hero.

I’ve taken bits and pieces and formulated a plan.

I'm still super green and trying to formulate my strategy.

I was formulating my own questionnaire of questions to ask FSBO sellers, and an idea popped in my head that I'm not sure if it's something you do or not.

Just the mere fact that the individual wanted the realtor to formulate perspectives based on ethnic make up and incorporates diversity into her investing model shows that there will always be second guessing.  

Between watching my father and listening to bigger pockets I have been able to formulate RE broad goals for myself and am eager to start. 

Immediate repair.Gotta say, I've learned to look at this stuff the hard way, by focusing on the beauty first, then realizing there is no ignoring the safety, finally concluding I was looking at the wrong stuff when I formulated an offer price and repair estimate, costing me extra money/not getting the deal I thought I was.

My experience with formulating an LLC is that unless you plan to invest extensively in AL, I would suggest setting up your LLC in your state of home residence or wherever.

With the answer to the above, you can formulate a game plan.