In addition, the rent is capped at the tenant's income and the local market rates, so it may be less than you would receive from a tenant who is not a Section 8 tenant.

So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

I had MF and saw what I thought was the peak with rising interest and cap rates.  

Quote from @Jon Sidoti: We've worked with a few brokerages and we got great deals on a few assets.Shreveport LA - 2021 acquired Industrial Latter & Blum NacitotchesLeland NC - 2022 acquired 20 units multifamilySavannah GA - 2022, acquired Industrial w/Colliers International SavannahHigh Point NC - 2023, acquired Industrial w/JLLSavannah GA - 2022, acquired Industrial w/Avison Young Atlanta How would you rate your experience with Colliers? 

In talking with people already in the game, many have told us that long term rentals right now are not a great option due to high home prices and higher interest rates; they would be very hard to cashflow aside from a sizeable down payment.What these same people have recommended is fixing and flipping right now, since homes are still selling.

THEN, you are looking for a new cleaner. 2) Do not hire a company that has a high turnover rate.

Hi All -  long time reader first time poster.I am curious as to how other small/medium size MF investors are thinking about operating their portfolios as we head into the upcoming rate cut environment (however far in the future that may be). 

Given your situation and concerns, here's a breakdown of considerations and advice:Pros of Renting Out Current Home and Buying a New Primary Home:Living Condition Upgrade: Moving to a larger, newer home with boutique features can improve your living space.Rental Market: West Town in Chicago generally has a strong rental market, which could provide good rental income from your current home.Portfolio Diversification: Adding another property to your real estate portfolio can enhance diversification and potentially increase long-term wealth through property appreciation and rental income.Cons and Concerns:Interest Rate: The current interest rate of 7% on a new mortgage is high, and there's uncertainty about future rate decreases.

I I spoke with a rep about the DSCR and he is saying mid 7s maybe a bit higher for loan interest rates. 

Historically, residential US mortgage rates are near their long term averages.