I am starting to believe it is like the south park episode where they use a headless chicken to determine what action the government should take for each of the companies that bankrupt. 

I’m just looking for other opinions on our situation from an outside prospective because the internet isn’t emotionally invested in my finances but can still spark some ideas.

Read Tax Free Wealth by Tom Wheelright for a great explanation of why you should meet with your tax advisor first to determine the best structure for tax strategy and then have that person work with your attorney to ensure the structure is set up correctly.

Here's how the process works as I understand it:1) You list your property2) Tenant expresses interest     a) you do your background check - if approved:3) Tenant gives you their S-8 RTA form     a) You fill out your portion and return it to S-84) They determine if your rent is within their market guidelines     a) If it is not, then they say "hey,  your rent is too high for our program, we'll only allow $635/mo, not $650" (as an example)     b) It's up to you at that time to determine if you will accept the lower amount or not.

You also want to determine if the buyer wants to do the work themselves and if so, will the particular loan program allow it or does the loan program require a general contractor, licensed, bonded and insured to perform the work?

Thanks Brandon, I've been looking into these as it's the only other investment vehicle I've determined is available.

As you continue educating yourself, you have to determine (1) whether you want to be active or passive investor, (2) depending on #1, pick a strategy within such niche.

Hi all, would like to hear your opinion on this deal:- Irvington NJ, at the southeast part- 4 family, didn't see the place yet, owner says it's in "ok" condition meaning no fixing required yet. all units are month to monthINCOME: 3br ($1250) + 3*2br ($1050 each) = $42,800EXPENSES (rounded):Tax - $10,000insurance - $3,000water / sewer - $800common electric - $500heating and electric are seperatedmy additions:super - $2,000maintenance 5% - 2640vacancies 5% - 2640management 10% - 5280TOTAL -  $26,860NOI = $25,940 How much CAP would you assume for this deal to determine the offer (let's say it needs 15K in update)?

@Keola AdamsWhen determining if you have a deal or not you want to focus on price, timeline, condition of the home...most importantly the reason (motivation) they’re looking to sell.

Him and his partner are splitting up and are needing to sell their house quickly. i already determined the level of motivation, arv, comps, potential repairs, and have yet to offer him a price yet.I pitched the idea that i can potentially close him out in cash by the end of the year and he is all for it. their original plan was to put it on market but they of course do not want to wait for the market.