-Not setting aside reserves or underestimating long-term capital expenditure needs.It doesn’t mean cash flow doesn’t exist—it means they’ve learned hard lessons about the realities of real estate ownership.Final Thoughts If you're starting out, focus on building a strategy that fits your financial goals and risk tolerance.

The program stipulates that you MUST stay in the home 5 years or you lose a pro rated portion of that 8k.

We hired a internet marketing person whose business consists exclusively of real estate clients who redesigned our website, initiated a program of SEO and social media marketing aimed both at deal flow (real estate borrowers and mortgage brokers) and capital (passive investors).4.

So, you say will I want to take some cash out using the 200k value but most programs will require you to wait some period of time from 3 months up to 12 months for conventional before you can use that 200k value to pull cash out.This seasoning does NOT apply to delayed financing as I mentioned in my post above.  

I recommend you research the local section 8 program. 

I have the details in place, but need to make sure I fit within regulatory and accounting laws.

An out of state investment didn’t feel like the right fit for us either.

My brokerage is part of Anywhere RE, we have the biggest names under our umbrella (ERA, Caldwell Banker, Sotherbys, BHG, Century 21) and we have a fantastic referral program that I can hand pick an agent anywhere in the country and interview them for you to make sure they have the qualities you are looking for.

Which leads me to my final point, but not numbered.If I was you, I'd sell this property and 1031 into a non-HOA property that is attractive to own and fits #3 profile-- 1.25 DSCR + healthy reserves.

This was through the Veterans Affairs home loan program.