Purchase price: $785,000 Cash invested: $156,000 Short term vacation rental in Panama City Beach.

@Polat Caglayan The majority of investors who become involved in the section 8 program do so because they purchase lousy real estate and leasing the units to section 8 tenants is the best option on the table.

So it could take a decade to get to todays market rent. 2) it’s almost impossible if not impossible to non-renew a tenant, especially if you’re not an owner occupant. 3) As a seller, even if I could remove paying tenants I never would without a non-refundable payment from a potential buyer that covers all vacancies for 6 months if they fail to complete the purchase. 4) You MIGHT say as a buyer that’s worth it.

My metrics were to be all in purchase and renovation at or below 80% ARV. 

Have you done work to the property for ARV to increase since purchasing?

Heck, I was nervous on one of my most recent purchases because it was my biggest ever - and I've done over 100 transactions.Your current house is probable a Class A property - which is the easiest to manage. 

I eventually want to build on the lot but for the time being, I want to purchase it so that no else buys it first.

Hi Tiffani, often new appliances that are "off brands" that you purchase come with a warranty and perform well plus they look new.  

I have helped Canadians purchase real estate here in the past.

Did I just not do the math right on my purchase?