Justin claimed the stove had to be inspected for safety before sending a maintenance person out.

If the tenants are staying usually the only initial repairs/renovations we do while they’re still in the unit is to upgrade the smokes/CO detectors to hard wired and anything else that turned up as a life-safety issue in the inspection.

Obviously there is a lot to discuss on this topic, but for a very quick glance, here are a few pro's and con's to consider when thinking about section 8 rentals:Pros:Guaranteed Rent Payments -> The government pays a significant portion (if not all) of the rent directly to the landlord, providing a reliable and steady income stream.High Demand -> There is often a high demand for Section 8 housing, reducing the risk of long vacancy periods.Cons:Inspection and Compliance -> The property must pass an initial inspection and comply with health and safety standards set by the local housing authority.

I don’t even know if I want to do this, so I assumed I would leverage the forum to help me decide if I’m even interested and then consult an attorney, armed with some information to review the contract I guess I saw it as similar to hiring a property manager.

Additionally, check crime rates and the overall safety of the area, as these are crucial factors that tenants consider when choosing a rental home.Financial Analysis: Perform a detailed financial analysis to ensure the investment is viable.

Secure the unit for the dog and your tenants safety - meaning all doors and windows should be functional.

I think you are trying too hard to be nice here instead of looking at it at arm's length and sticking to the deal that makes sense for you.

In case you were interested in the cash-out refi loan- looking at 15 year 7.25%-7.65% (yikes) 3 yr or 5 yr ARM with no early payment penalty.

While the intrinsic value of the real property initially seems like a safety net, the reality of the capital stack reveals the risk.

Besides the fact that the drive to Disney is brutal, that community in itself has had MAJOR issues with safety and parties over COVID.