Did you get references and talk to previous customers?

Paying off your balance every month is responsible practice and good for your credit score, but it makes you a less-than-ideal customer from the standpoint of the credit card company.

.- After Repaired Value (ARV)- Rehab & Construction- Closing Costs - Purchase Side- Closing Costs - Resale Side- Real Estate Agent Commission - Resale Side- Property Taxes- Insurance (1 year)- Utilities (6 mths)- Interest Payments (6 mths)- Rehabber Profit Requirement

From my own experiences, the people moving in Jan HAVE to move; there are good reasons for having to move (need more space because expecting a child, or job relocation, or current home has some issue that requires serious repairs - think mold or fire) and not so good reasons for having to move (foreclosure, eviction, non-payment of utilities leading to no heat, loss of job).

There are a number of approaches to the increase; property taxes went up, insurance went up, some utility that you might pay has gone up (maybe trash or sewer), can't risk losing IRS deductions for expenses by having rent too low, common area maintenance increased, etc.

The custom shops here are way out of budget.

We bill back all the utilities and simply put it in Excel to provide a monthly bill for them.

Yes I have seen section 8 be in a constant flux of change.If the tenants income increases then section 8 adjusts the voucher amount.Also here you can list in the lease that the tenant pays a certain amount of utilities and that is fine.Some section 8 areas they will pay 800 for a 2 bed but then all of a sudden readjust to start only paying 700 which is not market value.These section 8 tenants never make up the difference from what I have seen.So you accept the lower rent or evict them and get a regular tenant for 1,200 more a year in cash flow.I don't know with the election and many government programs in flux how stable section 8 is currently.Might be a bad decision to base many of your renters off of that income stream.

Be sure to take in as much as you can, this site has a wealth of information that can help you get started the right way if you correctly utilize it.

Just for the record, I'm not afiliated with this company, but my office is a customer.