Section 8 can be very profitable if done the right way, at scale, by an experienced operator, but I think it's one of the hardest strategies to start doing because of tenancies and government involvement.Most new people just think it's an easy government check and there is nothing that could be further from the truth.

Your best bet is probably to get your real estate license and start actively being a real estate professional or buy a STR in your market that you can physically be at on a regular basis. 

I feel like it's a space where great operators can really clean up, since the bar is set really low, in my experience at least.

We travel for work (healthcare) and chronically live out of MTRs, so it will be our first time operating a shorter term, but won’t be an entirely foreign situation to us.

Even really skilled operators are left with no back up plan because they can't pivot to LTR in that market, can´t fetch the price they paid because the STR has lost some steam and was bought using nightly rate numbers etc.

I’d love to hear more about how you approach finding these under-$2M properties and what strategies you’re implementing for operations optimization.

You second property will rip I bet.

@Patrick Pan, if I was operating in a state where that was a concern I would just contact their current landlord for a reference.

I operate out in Southern California.

You can certainly own multiple assets in the same LLC, but I would be careful about operating a business and owning other real estate or investments in that LLC.