Some houses rent for less, some rent for more, so that seems to argue for the case that section 8 subsidies won't necessarily be more "profitable" then renting to regular tenants.

Jeremy Wacksman, Zillow's chief operating officer reported do to labor and supply shortage they will be pumping the breaks on buying anymore homes in 2021.

.* We have wholesale accounts with several large cabinet companies, and granite companies and can get huge discount on these supplies, along with flooring, roofing shingles, and carpeting and other supplies.* My personal credit score is 700 and I have personal rehab capitol, but not enough to cover the home purchase and rehab costs. 

It is competitive and supply is low but you can still find a deal. 

Median Price: $525,000 +7.14% Yoy - 7ish % isn't unusual, I have multiple ~7% moves since 2016.Sales: 5,344, -10.06% - normal number for September, 2020 was unusually high due to delayed purchases from Covid thus the yoy lossYTD sales: 41,238, +8.36% - highest Sept read I have, houses are selling.Inventory: 5,875, +6.16% - still too low compared to pre-Covid, see stacked chart.New Listings: 6,366, -10.61% - still too low compared to pre-Covid, see stacked chart.YTD New listings: 51,949, -2.47% - prior to Covid we were running 60k+ houses.Months Supply: 1.2, -14.29% - persistently low indicating an unrelenting sellers market, see the Existing homes as a % of households chart, continues to shrink.Cumulative days on Market: 26, -44% - persistently low indicating an unrelenting sellers market

I've kicked around the idea of diversifying into short-term rentals (not switching, just adding one or a small handful of properties over time to supplement my regular portfolio). 

Is this regular practice is this a ripoff or junk fee?

Hi Erick,I am an insurance agent in NJ and I sell flood insurance regularly. 

I know some guys that are regulars at it, and it has a great reputation. 

Given that the property is ideally located and other economic conditions are right, you are bound to receive regular flow of rental income.