I see these posts here by young ladies thinking about investing in D-class small multifamily deep in the ghetto and shake my head sadly.

The property needs 25k at most in upgrades ( electric, roof, plumbing, and hvac replaced 10 years ago).He said he was getting $1600/mo section 8  for the house from the same lady for the past 9 years. 

Hello ladies and gentlemen.

The lady I talked to with HUD said its possible they refused to take the property because the bank waited too long and the property maintenance was not kept up.

I showed a lady, how to find deals and helped her with funding,  she made over 370k on her first and only flip, therefore, she was like that is good enough for me, I am done lol, funny part I didn't make any where near that on my first flip, have since, guess I am a good teacher lol, that was in a competitive market.

Now much later I bought 26 of the 30 from the lady who bought them just a few years back.  

I have two elderly tenants in my duplex one lives upstairs and the other downstairs separate one 80 year old lady and a 60 year old male.I get a call today with her frantic  and explaining that she heard loud bangs and glass breaking!

Now our tax lady says get a 30 yr loan.

Mind you this was the first offer we ever gave to anyone... 2 months later she called us back and excepted our offer but there were so many title issues dealing with an ex-military man who died 10 years before we met this lady (nobody reported the man dead so the wife could keep collecting his income), the VA and a host of other bs.

I started getting some pretty hefty fines after tell that (insert extremely bad word here) lady where to go and what to do to herself when she got there.