The new management told him to hit the streets because he didn't have a degree in a banking related major.

@Tim Pommett what did you major and minor in?

The numbers are stacking up and there is a major shortage of rentals, with double digit returns.Downside is I live in the UK but the returns in the USA are just too tempting but I will have to come over and be the project manager, I had nightmares on my first project in Siesta Key when I left the contractor to his own devices, so that will be my only choice

House was built in 2008 and should not need major renovations for at least another 10 years after finishing rehab.We are trying to figure out whether to rent or flip.

I think this is pretty conservative in case I run into the high turnover and major repairs which are sometimes more common in these types of rentals.I also believe buying properties at such low purchase prices allow newbies (like me) to learn and make mistakes without taking huge risks.

Section 8 has minor issues and major violations.

I'm familiar with this type of framework.

Depending on the details of each house, interest on the PM will be anywhere from 8-12%.I recently started a business that requires a majority of may attention during the day.

What I found is that the majority of the properties didn't really look too bad or the properties have fixed the minor issues that they did have.

Hi Josiah,Ricks point about repeating the formula is a good one.I'm a contractor and work with a number of investors on rehabs and major upgrades.