He would have to sell $25M+ to get that kind of income.That's not what I read, "I am planning to build a business to replace my income in couple of years". 

A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

Well-maintained homes: Homeowners tend to spend more time and money maintaining their homes, which contributes to the overall quality of the neighborhood.

I estimate high of what the bill would be and put it on their lease, I have not had any issues this way and if the water bill goes up, I will increase on the next lease. 

You should pay them an hourly rate for all of this.After all, there’s no guarantee that you will even end up buying a property or selecting them as your cohost.

In regards to tenants, to putting the house on Section 8, to the selling of the property.

This is my first post on the BP forums. 

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.

I thought that I should post a follow-up to this thread. 

The key factor is the amount paid and the nature of the payment, not the payment method.