Depending on the construction, you have to do major upgrades on electric, plan for plumbing for apartments which may not be permitted in the area for the sewer or septic.

Major issues are lack of parking, lack of elevators, leading to numerous unlived in units.  

I know I'll have to do major screening but seems to be very successful/passive as someone who at one time had 200 section 8 SFR rentals.. there is a lot of miss information about the program..

Distressed property but did not need major renovations How did you find this deal and how did you negotiate it?

Hi @Shane Gorski,You're absolutely correct regarding the difficulties of STR's in Naples, there certainly are a few other local cities that are much more conducive to that strategy, Bonita Springs, Cape Coral, and Fort Myers Beach being a few of the major ones.

Some who are major players doing big stuff.

I'd be surprised if there was anything substantially more than this that took place, and I'd be shocked if it caused anything to change for 2025, only 2026 onwards (for major things that is).Which is exactly what I call guessing  ;) 

If you don't foresee any major obstacles to qualification, I'd be happy to set up a viewing for you.

Again, they try to leverage the majority the landlord is getting, so they don't have to pay their portion.6) We get the most maintenance requests from S8 tenants.

Yes I do understand a majority of people don't think its a good strategy mainly because of the turnover, the risk, the lack of equity.