Are you assuming fixes for things beyond lead-based paint inspection that may be required for you to receive your certificate of compliance?

I’ve been looking into Kansas City, along with a few others, but having a hard time pulling the trigger.

SEC 8 REALITIES SEC 8 tenants have to have a job unless they are disabled.No adult on the SEC 8 lease can have a drug or felony conviction.When a SEC 8 tenant gives their landlord notice that they plan to move, SEC 8 sends a form to the current landlord giving them 10 days to respond saying the tenant is or is not in compliance with their lease – IE – owe any money for rent or repairs.

One thing to check before you pull the trigger is to find out if you're allowed to take out a heloc on a rental property i.e. not your primary residence.

There is a "tax" on the compliance and it will be at least $1-3,000 per year.My clients are purchasing multi-family 1-200 units, commercial office, and other NNN properties.

The BP calculators are a great place to start and will guide you through each piece so you don't leave a critical number out of your calculations.After you have analyzed enough deals and found one that you think looks good, you will need to be bold and pull the trigger, the first one is always the hardest!

You should pull the trigger when a deal meets your criteria for a rental property and is better than most of the other deals you're likely to come across if you were to continue searching. 4.

Its pretty straight forward by the regs, form partnership or corp, hold % funds in OZ, file at your tax return, its a self election.Key issues are the agreements with investors, compliance requirements, and of course the real estate investment itself!

Get your team all setup now so in 12 months you are ready to pull the trigger.

I've been looking at Central FL for buying a SF and/or MF for a couple of months now and haven't pulled the trigger for the same reasons you and others have posted.