People don't rent to section 8 because Section 8 tenants have no skin in the game.

That changes the skin in the game.

She eventually gets them looking pretty clean except for the most recent house that has an irritating orange and pink stain.

My life is great, I have pretty much everything I want, and I'm extremely lucky to have been born in the right place, the right time and with the right color skin.

Thick-skin is your friend if you are trying to do anything along those lines.

Loan amount = $20,000 (80% of $25,000 appraised value)Cash back in my pocket = $18,000 ($20,000 loan amount - $2000 closing costs)Annual Debt service = $1152 [$96 * 12 months] ($20,000 loan at 4% for 30 years)My purchase price $22,500 -18,000 cash from bank = $4500 skin in the gamecash on cash return calculation:$4500 (skin in the game) / $2995 ($4147 NOI - Annual debt service $1152 (12 months * $96)) = 66.5%

I'm also irritated that she was paying for rental insurance for her junk while she was always struggling to pay her rent!

As an engineer Joe should have something of value to put some skin in the game.

Cap rate  = NOI / PRINCIPAL ( this is when you buy a property with cash only, no notes )Cash on Cash return = Cashflow / skin in the game ( this is when you buy a property with notes )I feel like buyers should not be asking me "what is this areas cap rate".

Your skin is in the game, not theirs.Maybe this is different in Texas and a lot of landlords their charge the $75 but a small problem can become a big problem in any state of the union; the $75 charge is a bad idea.