Hello BiggerPockets Friends,I am sitting at my computer bored and figured I would start this thread to see what other people's experiences have been with section 8, mainly because I see alot of people on here give new comers, horror stories, where as I believe its the best way to rent!

Because legitimate people who have legitimate service dogs or horses (the only two true service animals) will tell you upfront that they have a service dog, and what disability it covers since you have no way of telling what the disability is from a computer.

That calculation assumes 0% financinging, and computes a value as if you had paid cash.So, given this price, and assuming you do 25% down (about the best you can do for outright purchase of investment property), the rest of the story is:Down: $6,171Loan: $18,513Payment: $111 (assuming 6% & 30 years for these calculations)Actual Cash flow: $137Cash flow per year: $1644Cash on cash return: 27%Very nice!

Practice safe computing!

I know someone who worked in the computer field for 25 years and now is a pretty successful custom home builder.

If you don't need a full appraisal you could get a limited scope appraisal such as a "drive-by" or a "desktop".

Jonna Weber that's great, I'll be in contact with you later today once I get home to my computer!

The Fed is even looking at reversing Quantitative Easing in the future by buying selling away their treasuries for our money and pressing delete on the computer with the digitally-created dollars. 

I've noticed a lot of lenders use for their "quick" metric1% rule (this is my first quickie metric)CAP rate- this is so variable but in LA county lower income areas I notice about 30-40% depending on how much of a value-ad property we're dealing with (fixer)  Often I just use 35% for repairs across the board and IRR- this is more difficult to compute as it has so many variables-- usually a value-add property with major repairs/ rent raise will have a 50-100% IRR over a few yearsOnce I focus on just a few properties or if I'm going for more of a 'value add' property...I will plug in an IRR spreadsheet and make a bunch of assumptions, exit strategy etc. 

Then you go to the deeds in escrow arrangement, if you can find them.Funny thing happened on the way to the Recorder's Office.County Recorders have been updating filing requirements, aren't computer systems great, (?)