I have actually been thinkin about cutting losses honestly, I am not sure this is the best investment I could have made as my first but worried about how much of a loss I would have to take.It is meant for S8 for sure, I would have a stringent application process, and give the neighborhood a C from my research.I invested there because it was the first deal that basically fell on my lap where the mentor works with agents that Seller Finance deals, it was only $3k down and had thought the proximity to St.Louis would be attractive to tenants also.I effed up on waiting to post for rent until after all repairs and the COO for sure.  

I liked real estate so I got licensed, worked on a bunch of different RE strategies, started developing and managed to get myself stretched thin very quickly again, I basically made the pendulum swing way too far and had to consolidate again to find my path.

2) Subsidizing rents:- S8 and other programs statisitically only train tenants how to be dependent on the free handouts.If you really want to make a difference, try basic financial education for tenants and the financial demographic they come from!

I generally prefer higher since I don’t plan on putting in small claims, it’s basically just for catastrophic loses and the savings in premiums over multpiple properties for multiple years should balance that out if I have ever have to use the insurance.

Basically you are selling yourself, not the arbitrage.

With the exception of 1 bedroom units, you basically have 2 options:-Oversized/commercial machines (potentially multiple sets)-Off site cleaning with clean spares on siteThe latter is almost always the most efficient and basically what hotels do at scale.

Where I see some disconnect is so many on BP that are so focused on buying RE doors that they basically live well below there means and have all this focus on rentals etc and they miss out on a lot of things there is to do in life..

None of the leases matched, the properties look like hey never got repaired , no heat , pipes frozen , 2,5ft sewer in the basement. 1/2 in gap between front door and door jam.

In June 2024, we completed installation of a heated and chilled pool.

Unfortunately with those numbers it's tough to find a non-bank lender/financial institution that will lend.Usually loan minimums are $50K and the up to 75% LTV on purchase-money/70% LTV on cash-out refinancing, which basically means you need up 25-30% depending on the type of financing.