With this underwriting, it all seems to rely on burning off of loss to lease, vacancy and concessions.  

Then you have the energy efficiency of the home, its size etc.

I first became interested in real estate after a high school friend of mine partnered with some people close to him to flip a house where he turned a large profit, especially for a 20 year old. He told me about the Bi...

I don't think that will be that fast, because we need to solve the energy problem first.

#GoDetroit #GoSection8I LOVE everything you said and the energy behind it. 

You find out up front if they have any cash or not, vs burning 30-45 days to find it appraises at your listing price, and they don't have the cash to close.Get a VA checklist from one of your trusted lenders and make sure everything in the house meets the checklist. 

I'm still current on my payments but by now all the hope is lost.all of my life savings are gone, and now I'm about to have collectors on my back for the rest of my life.I need an advice how to navigate through giving up on the properties.DennisYou will have to save up again.And not see this as the end, but look for more cunning ways to begin again.I do not do AirBnB type stuff, but you seem to like it (yet it is momentarily down--it will probably come back up again), but once burned!

What a waste of energy. 

I to have been burned by contractors, Im sure most people have.

Time, Interest, and Energy.