Another option is to find a nice existing home and do a remodel to make it "yours". 

Allowing them to move in depends on your screening criteria (criminal findings) and your history with the original tenant.

Also get the CAD file on a drive and find a "Licensed Architect".

In the process of trying to find houses to flip, newer to the scene and very motivated.

Thanks for the response Tyler, only issue is, financing is provided based on the deal, and this is where I'm stuck. when you say have the financing ready to jump on any good deal, I hear you and agree with you, but like I said, debt or equity investors would want to see the deal first before signing any agreements.

I know I can look at an amortization schedule, but I am guessing there has to be a simpler way to quickly estimate the numbers - can't find a decent online calculator for thisAppreciate any help - thanks!

And when you find "the one," don't skip the home inspection.

The only exception is if a tenant fails to provide a written forwarding address: landlords then need not return security deposits or provide a notice of damages until fifteen (15) days after receipt of a forwarding address in writing.Option 2 is to just send it to the last known address and for to ask the post office to please forward it to the correct address.If you ultimately cannot mail the payment or they do not cash the check, you will need to eventually send the money to unclaimed property:"Unclaimed property is held by the Treasurer until the rightful owner comes forward to claim it.

What you call guaranteed income is what I call a lot of stress and governmental requirements to get the same or less rent than if you did a good job finding a property and put it up for rent on the open market.Section 8 rentals are for investors who want to keep replicating that strategy in the same area so they know all the regulations and all the players.

G’dayHow do you track your expenses and find a balance between being a spendthrift and being too conservative?