If for any reason, the Prospective Tenant(s) fail to complete all move-in requirements by the above listed date, the Landlord will return the property to public offering and the entire binder sum will be forfeited to the Landlord for expenses including, but not limited to, lost rent, holding costs, advertising costs, and marketing costs.

Build site is a block down from my house, so I'm planning to manage myself.

I am in process of moving some of our long term rentals to Mid-Term (30-180 day) rentals,  We currently use Buildium to manage our long term rentals and it working decently. 

I did not see closing costs on your spreadsheet for either the initial purchase or the refi. 

The difference between the 2 is a liability costs you money each month vs an asset makes you money each month.2nd Point, As a realtory, you goal should be to be a listing agent, I don't think you have a had the chance to host an open house and try to attract clients as a realtor, you should at least try it a couple times, but at the end of the day hosting an open house to find clients is not the tool it used to be. 

You don't have enough money for the deposit so how  do you plan to obtain the necessary funds to cover the closing costs? 

In our budget, we have a contingency of 2 months' worth of mortgage and utilities accounted for.We have another LTR thats been a breeze to manage for over 6 years buts its only 2 adults living in it they have really taken of the home for us...Thank you!

The best ones typically cost more than investors want to spend.  

I would use a property manager to manage them as I only have experience with traditional rental properties.I would love opinions from investors who actually use the Section 8 program and those who do not.What is your opinion on which one is better long term and brings in more cash flow now.I appreciate any information.

What are the challenges with this and does this make managing the property vastly more complex?