When you find a sponsor you like, do yourself a favor and get clear on what your experience will be like AFTER you have invested.Does the sponsor have a communication plan?

That’s our primary method of communication so it works.

Quote from @Chris Rich: Quote from @Gabi NA: Hi, I am a 20 year old college student looking to buy properties with the goal of either turning them into Airbnb short-term rentals or long-term rental properties.

OOS is risky at any level, then when you add the other variables, Sec 8, property managers, it's too rich for my blood.

Transfer wealth from rich to poor?

The only person getting rich was my loan broker.Then, I dropped my broker and switched to dealing directly with Chase Bank.

Openly communicating the selling process can help alleviate their fears and ensure a smoother transition.● Transparent Communication.

Any insights from your experience, whether positive or negative, would be greatly appreciated.The attached link explains the current situation with the Detroit Housing Commission (DHC), highlighting that they are severely understaffed and have limited communication with both tenants and landlords.

Which is to say any attempts beyond the method of communication in the profile are likely to end up convincing the landlord you and your friend would be a pain in the butt as tenants. 

It's not a get rich quick scheme, it's a lot of active work and I would have 5 yrs in my head at a minimum before you truly become established and stabilized.