I have been a Realtor for about 4/5 years now and have a decent amount of liquidity saved up (just under $100k) to be invested into my first rental property.To be honest, I have been considering buying Section8/Affordable housing properties due to their "guaranteed" rent/tenant stability. 

He's been here since: Member since March 7, 2008He was on these forums back when the site was called "Slightly larger than average-sized pockets".

To qualify for a larger loan in this situation, consider a property with a legal suite because the rent revenue counts as your income. 2.

No personal income documentation is required (no tax returns, no income statements) because the loan will be qualified based on the following: larger down payment (typically 30%), Cash flow (or potential cash flow) of the property, credit score, and appraised value.We have the following loan options: interest-only, fully amortizing, and rehab.Feel free to reach out anytime.

@Tyrus CowanI'm also in Cookeville and would agree with @Ryan Daniels this market has become very overheated intial offers going in over asking to be beat out by larger investors who frankly just don't have margins to worry about

For larger apartments, years 2-3 are where this occurs if at all.

Here are the numbers:Annual total gross rent received: $800,000Annual cost of property management (10%): -$80,000First month's rent goes to property manager as finder fee: -$66,666 / 2 year lease = -$33,333Total cost of property manager: -$113,333Current annual profit; $200,000Net profit after paying property manager: $86,667I like the idea of selling some properties to 1031 exchange to a larger self-managed property like an apartment complex but I don't know how feasible it is to try and sell enough properties simultaneously to time it correctly for a 1031 exchange. 

I sell my left over houses usually on ZERO % financing like right now I have 2 in cleveland i would do that with.. great deal for someone who can handle larger than normal payments and wants to own them free and clear in a few short years.

The rate through Vanguard is higher than the HELOC through PenFed of 5.5% but still nice to access additional capital vs liquidating stocks or using cash. 

While growing a larger network.