. $3500/month payments for mortgage and interest payment that i need to pay on sellers behalf. 4-5 month fix and sell time line.

Having that fixed rate would definitely give you some peace of mind, and stretching the payment over 30 years could seriously boost your cash flow.

They are all on Social Security, which is good from a regularity standpoint, but if they screw up and miss even one payment, you'll have to evict them, because they will never catch up.Good luck!

At today's rates, total payment would be roughly $3,500.

I think if you're house hacking, as long as you can get your monthly payment to break even or just be lower than your rent, it's a great deal.

The cost to go up in limit is normally cheap)Medical payments  (for small cost injuries that happen on site. 

The sell price was:$246,500Down payment was:$40,000Mortgage is 15 years @. 7.5% still owe about $150k and considering a refi with actual bank in a couple monthsThese houses need work:1st house-$100k value is a 1/1 doesn’t need much rehab at all.

Hi Drew, Down payments for a primary residence start as low as 3%, while down payments for an investment property (in any state) start at 20%.

Real estate has historically been a long term play.this idea that someone who otherwise never cared about real estate, can simply dial up a realtor and buy instant 4 digit monthly cashlfow is something born out of YouTube.

Your local PHA may also have resources to help match landlords with eligible tenants.The PHA must approve the lease agreement, ensuring it complies with Section 8 rules and rent limits.Pros:Guaranteed Rent Payments (sometimes even 100% based on certain tenant criteria)High demand for Section 8 rentals, which can reduce vacancy periods.Many Section 8 tenants prefer to stay long-term, reducing turnover rates.Cons:Properties must meet and maintain HUD's health and safety standards, which can involve additional maintenance and inspection requirements.The PHA limits how much rent you can charge, which may be lower than the market rate in some areas.Tenants must qualify for Section 8 based on income level and other factors, which may limit the pool of potential renters.Dealing with government agencies can sometimes be time-consuming and bureaucratic.In summary, converting your home into a Section 8 rental can be a good strategy for attracting and maintaining long-term tenants due to the stability and reliability of government-backed rent payments.