This is a passive way of earning with real estate-based security, protection and insurance.

On top of that, depending on the severity of the structural issues, you will also likely run into problems getting insurance on the property or wind up needing to purchase very expensive insurance. 

Taxes/Insurance- depends a lot on where you are located.The homes themselves- POH or TOH? 

By utilizing section 8 income we will turn it into a property that is insured beyond belief and make over $ 418,000 gross $320,268 net.

With insurance rates going up, best to find areas with the lowest operating cost.

Most Florida markets will share some dynamics though like taxes and insurance. 

The above rate will either be NNN or you need to estimate insurance, property tax and utilities and deduct.  

Insurance companies are always looking for MTR that are furnished like ours  never stays vacant more than a week.

Insurance for sure wouldn’t cover you.Just a thought and I could be completely wrong!

Property taxes are 650, insurance 160, outsourced property management takes 10% of the rent, and another 10% of the rent is set aside each month for future repairs. 3750 x 0.8 = 3000. $3000 profit, minus about $2300 in mortgage, property taxes and insurance leaves about $700 cashflow, when I move out.