Also - if you haven't yet, be sure to check out "The Ultimate Beginner's Guide to Real Estate Investing" Glad to have you here!

I am aware that some lenders do not approve his sort of cash back at HUD, but is there something else I need to be aware of and watch out for.Thanks in advance for your valuable advice.

Sec8 rents, allowances for utilities, inspection guides and even listing the prop is available online for both my home county and my REI farm.Sec8 pays $1150 for 3BDR in my farm, which is better than market in several neighborhoods.

-Steven the Tax GuyYour guide to IRS laws, rules and regulations.

David , please excuse my rambling, you asked if your thinking is sound.Check out the 2% 50% rule or guide line .

I learned quickly that my time was more valuable than a plumer's, a handyman's and a lawn guy, so a phone call was all it took really.

-Steven the Tax GuyYour guide to IRS Laws, rules and regulations.

Ranking for certain keywords can be valuable, but if you can't convert those to leads or customers, what's the point.

So, $1,000 of income from a rental can be more valuable than $1,000 of W2 income.Further, when you do sell, you will pay recapture tax on the deprecation taken or allowed.

If the Cap rate is indeed 25 % you may be buying into a less desirable part of town with issues that could cost you money in the long run.You need to have someone you trust in the area to guide you.