I believe in higher quality over the long term will ultimately yield better L....O...N...G... term returns for the reasons that @Dawn Anastasi mentioned.  

Below is a sample P&L (it is a real P&L from one of our parks) that will give you an idea of overhead.

Section 8 will deem their asking rent "unreasonable") I'll explain it again (speaking s-l-o-w-ly): Section 8 uses the HUD guidelines for fair market rent which are based on the 40th percentile of a moderately priced apartment in a  given zip code.

For L/Os it's a similar concept and this strategy works well with newer or fully remodeled homes and also needs to be the right market conditions.Best of luck!

Quote from @Nicholas L.: @Jane KimWow, everyone is really encouraging aggressive plays here.Assuming this is your first purchase, I would wait until you close, move in, and start getting rental income from the hack before doing anything else...

Quote from @Nicholas L.: @Sage Weisscan you share more about your goals? 

Originally posted by @Scott L.

Quote from @Nicholas L.: @Dan Tranjust curious - why is this your goal? 

A "reorganization took place, one of the families left the group in exchange for the insurance proceeds and the property then had 4 owners (and 4 cottages)2000:  I bought ($42,000) my parent's share.2000-2010:  I bought the other shareholder's shares (total $300,000), leaving just me as the sole shareholder2017:  Elected to file as S corp.None of these transactions were properly recorded.2022 1120S tax return (2023 is on extension) shows:$0 income$15,000 Land (sched L, line 12)$122k Loans from me($189K) Retained earning$93K cap stock($46k) Sched m-2I have no idea how we got to these amounts.Does any of this make things easier to understand and easier to get me out of this capital gains problem (or does it just muddy things even more)?

I agree with @Nicholas L. that you should simplify your strategy.