@John Kim @Travis Biziorek is 100% correct.S8 really isn't difficult, but it's not the answer to everything that the self-proclaimed "gurus" make it out to be.With S8 tenants, you're just trading one set of challenges versus direct paying tenants.When we advertise a rental, we take the best tenant we can find, immaterial of their source of rental funds.You want to be careful investing in the City of Detroit because there are a lot of "crooks" trying to sell you Class D properties dressed up to look like Class C or B.Connect with us or Travis for more info!

to be clear - lots of other issues, lots of other challenges, and BRRRR is difficult right now with interest rates so high. 

They also hide their markups3) Biggest challenge with owners & maintenance, is owners think everything "takes only 5 minutes".

Covid was challenging for my rentals that historically had college kids as tenants.

Haha, not sure about the veracity of some of those comments, but I tend to be skeptical by nature anyway.

2) How did you structure your first deal, and what challenges did you face?

Bottom line - there have been a number of challenges in Cape Coral over the last couple of years. 

That process has direct lender involvement.Where the challenge lies, is when unsophisticated "investors" with no experience, no money and no reserves use creative financing (often called wrap, subto, lease option, seller financing, land contract) to purchase properties and along the way there is a "hiccup".

Naturally, he made a cool $1k!

Reread what @Stuart Udis wrote.We can testify to the same challenges after 25 years in our marketplace.We also agree with @Kristian Sexton about starting with a PMC.