MOST people regardless if they are renters or home owners spend over 30% of their income on housing and utilities. 

You can build your own team i.e. title co, insurance, pm, contractors, handyman,process server, lender etc.... or you can find an operator who can get you going in that market while simultaneously building out your team.Section 8 housing is a great way to ensure consistency with rent payments however not all tenant who have HCV pay 0%.

What about maintenance, taxes, insurance, or setting aside funds for capex?

Also, how does one assess whether or not one can turn a profit after paying principal/interest, insurance, and taxes each month?

The transaction is insured via E&O.

Quote from @Amy Lauro: I am a new investor looking to partner with other investors to help homeowners facing foreclosure.

And right now, homeowners across the country are sitting on record amounts of it.Here’s a look at how that equity could be a game changer for you, and why it’ll flip your perspective from “Why would I move right now?”

Florida and Gulf Coast insurance should be a concern. 

Another idea that we have been exploring is using the cash value of whole life insurance funds for emergencies. 

Out of my 32 properties, I’ve seen insurance rates drop by up to 40% on renewals, and property tax increases are finally slowing down compared to the crazy jumps we saw over the last five years.