For help with the section-8 process, it's very important to have a PM that's familiar and connected with the HUD programs in the selected market. 

Until recently I hadn’t actually identified a market that I truly felt I could be successful in.

Here are some data points from the past month:Real Estate UpdateHere's the latest market report (based on single-family homes):Mortgage Rates:30-year conventional rate today is 6.27%30-year VA rate today is 5.69%Median Sales Price:June: $485,000July: $487,483August: $480,000New Listings:June: 1,920July: 2,068August: 2,153Median Days on Market Until Sale:June: 13July: 14August: 16Months Supply of Inventory:June: 2.3July: 2.8August: 2.9What does "Months Supply of Inventory" mean?

Hello,Curious to get opinions on effectiveness of using postcards vs. hand signed and addressed letters for marketing. 

We connected with a local agent who introduced us to a property we felt would be profitable as a STR.

I have a general contractor license so I also can repair and remodel properties before they go on the market.

@Gene BattleCheck with your accountant for a recommendation or ask for recommendations from your local real estate investors association.

Any advice on what typical seller financing rates look like in the current market?

I am reaching out in this forum to ask for specific help for how to analyze the market and build out a realistic lease up projection based once a facility rehab is complete. 

Running a foul of all kinds of local zoning laws is just the beginning.