Such rooming houses tend to cater to a population of professionals/labourers who have the commonality of employment.The social rooming house:  These establishments provide a vital role in housing the "down and out", the mentally ill, the addicted and others on the fringes of society.  

Frankly I agree that Dave Ramsey does go overboard with the "save save save and never borrow" message --- but that doesn't change the validity of his core message that financial problems are seldom caused by having a lack of income, but rather by poor spending habits that need to be cured first.

Or worse, they get in there and intentionally damage the water heater/ac/appliances and claim that I am not maintaining a habitable unit.

Get receipts and save them.....get in the habit of photographing them now and file them on your computer.The rule is something like...when your property is ready and available for rent all costs are operating costs.  

The sales manager and owner will "throw under the bus" any employee that they dislike.The owner has a habit of filing lawsuits against CUSTOMERs and employees.

I believe that education is vital in this bushiness but will do nothing for you with out action no matter where or how you get your education.

If you do, you can develop a wonderful passive income portfolio.If you don't your habits will ultimately result in the total loss of all the assets you have in your name.Sorry for the harsh love but that is a reality you have to deal with.

Rentals that accept section 8 must meet minimum requirements for habitability and (at least in Virginia) be inspected to ensure they conform.I wouldn't think section 8 is a good idea for a first rental.

@Alysia McDonald we still own and log the property but, I never went forward with a rental  The home needed work to get up and running and we decided the risk was too much to invest the money needed to make it habitable.  

You much however, kept the property safe and habitable.