I have a section 8 rental in Washington DC now worth $410,000 I paid $160,000 4 or 5  years ago.I went section 8 because the neighborhood was not that great  and in Wash DC it can take 6 months to evict so I choose the guaranteed income approach and I got a full deposit.1) I failed a Section 8 inspection for the broken window latch, in a closet on the third floor on the third inspection2) Mysterious thing  "break" dining room chandelier, two exterior lights. ( before I purchased the house was VACANT for one year and nothing like this happened)3) self entitled attitude of occupants who are living for free4) house is DIRTY- really just broom sweep my beautiful hardwood floors.5) difficult to get them out.6) rent increases of 3% is WAY under market.7) with Covid tenant does not want me in house8) the 1099 income is fully taxable

I believe this is just the beginning, more will follow suit. https://www.redfin.com/DC/Wash...

Every month you don't rent that higher rent will be a wash.

- Do you white wash or try for an accent wall/some color when painting?

I get joy out of tipping big when going out to a restaurant, car wash, etc.

The first one said that he was. He

If its 80219 area, around that $250k mark, if around wash park or sloans lake or highlands, it will be much, much higher.

Was he basically there 8 hours a day, 5 days a week?

One of his criteria was he wouldn’t buy anything older than 1980.

Yes, but you will likely have to pay income taxes on the interest income, thus the interest deduction is a wash.