., Purchase Price: $475,000 ($197.9/sq. ft.).Estimated Market Value: $402,000 ($168/sq. ft.).Financing Terms: 2% interest rate, with a 9-year balloon.Unit B Income: $2,049/month (Section 8 tenant through November 2025).Unit A Income Potential: Similar rent or higher; Section 8 cap for the area is $3,234/month.Monthly Loan Payment (P+I): $1,386.Cash Flow Breakdown (if both units are rented at $2,049/month):Gross Rent: $4,098/month.Vacancy (10%): $410/month.Operating Expenses (37.3%): $1,376/month.Net Cash Flow: $943/month.Key QuestionsWould you be comfortable paying an 18% premium for financing at 2%, especially in a market where current mortgage rates are closer to 7%?

One property I eventually bought listed at 400K, but wasn't worth that much in it's current condition I offered 300K and it sat for 2 months before they sold it to me.

There are two, one bedroom apartments on the second floor and first floor is currently being used as a convenience store.

Quote from @Sean Doyle: Hi all, Curious on peoples thoughts for best Section 8 markets that they have/are currently invested in.Thanks, Sean Ohio my man.

We currently accept rent from tenants using a variety of 3rd party apps-Cashapp, Venmo, Zelle but are moving away from accepting payments in our individual names and want to start accepting payments directly to the LLC/business accounts, but LLC accounts do not accept Zelle and there is a fee for using business accounts on Venmo.

Currently scheduled to close on my first triplex next month and excited to connect with other RE professionals in the area to help me along. 

As for numbers, I currently owe $86,151 on the mortgage, and on Zillow it is listed at $143,600 but the numbers seem to be inflated on that site.  

Next week we will close on some property (with an old house in need of fixing or tear down tbd) in Buncombe Co currently with unrestricted zoning.

I think the current zoning and your proposed use as it is zoned should help. 

@Caleb Brown -Thank you--the place was purchased early last year by current owner and completely renovated.