If you are going conventional, they will need 2 years of tax returns, no way around it.We will use your "net income" after all deductions for 2022+2023 and divide over 24 months.

I am worried that my property expenses will leave me in the red because of the current costly housing market.

I recommend focusing on getting a great investment property and disregarding Section 8 in that pursuit because any property can be a Section 8 property, but a lousy investment is lousy regardless of having a Section 8 tenant or not.Section 8 will perform a basic functional and safety inspection for your units after you have an agreement with a Section 8 tenant and your local housing authority.

If you are trying to find an immediate tenant, you might want to lower your rent for a fixed short term and start advertising for a future higher priced rental and target an audience who know their schedule that far in advance and are willing to pay top dollar.

There WILL be a lot of shady contractors coming out of the woodwork so be careful.You can message me and I’m happy to talk through it with you and offer whatever advice I have.

Each LP invests 70K, distributions start a year after investing as it will take time to lease up, returns 80/20 LP/GP split, 17 - 20% AAR, 1.70 - 1.80x Equity Multiple with 3-4 years hold period.

A few weeks worth of refunds per year because you couldn't take care of something ASAP, will easily pay someone to manage it for you. 

OWNER will attempt torepair the problem as soon as possible upon notice by the TENANT.

Most real buyers will have agents and will put it in their offer that the payment for the buyer agent come from the settlement funds.

Sometimes the client will say they want to flip the property but half way through the project, the client will want to make it a rental.