I listed it on FB marketplace as a Long Term Rental while it was under contract just to get the feelers out, and I got a lot of responses from people who wondered if I'd take Section 8.The house is in an area with pockets of Section 8 housing.

The best advice I can give, is create a bulletproof contract for yourself via a good lawyer if possible.Sounds like a viable deal if done correctly, but far less headache if they can just qualify on a conventional loan.

I'm particularly passionate about getting started in mid-term rentals in the Northern Virginia area.Outside of real estate, I enjoy any type of outdoor activity and physical exercise.Excited to learn and connect with you all!

Spill the beans.... what did you get it under contract for, what did you sell it for, what was your profit? 

Efficient negotiations secured the property for $154,000 on favorable terms.

Through efficient negotiations, we secured the property for $155,000 on favorable terms.

I am currently under contract on some commercial land near Houston with plans to develop flex space and have a call set with Hamza's team for 2 days from now.

After the renovation is complete - you can either sell the property or refinance it into a long term DSCR (debt service coverage ratio) loan.

For some people it comes down to spending-some people can make 3x their rent and still be short money, others could make 2x their rent and always pay on time.

My current primary ( scenario 1) Keep the primary for the life of the loan ( current rate is 4.5 so i dont see my self refinancing anytime soon)current home value 1,150,000Loan amount 935,000appreciation estimate 5% per year after a 28 year hold and the house is paid off I would have a house worth 4,312,000$my current mortgage is 6125$ ( piti) included My second option( scenario 2) Sell the house, walk away with $150 ,000 ish in hand and put that into a low cost index fund Rent a house elsewhere for about 3000$ ish and take the extra 3000$ im saving everymonths from not having to pay my mortgage and puting that money in the index fund as well I ran the numbers on both of these scenarios and doing what I mentioned above would break even at about 28 years meaning my stock account would be worth 4.3 million just like my house would , but the only is that holding a house for 28 year would mean 28 years of property taxes, loan interest ,home insurance and repairs etc whick I calculated to be about 1,200,000$ at minimum which raised my eyebrows to say the least Also i understand that each of these options ( stock market vs real estate ) will have there tax consequences ( long term capital gains) so any thoughts on that would be appreciated as well.