I am basically the traditional Asian family that spent my entire life saving money and purchasing a place in New York City, and after trying to survive for a while I find it too hard now that it’s 2 people and decided to move back to my hometown and do some investing looking for cash flow in particular.

section 8 is like around the clock property management. there’s money in it but it’s extra work depending on who you put in the units. 

Aim for a $75,000 ARV to play it "safe".As far as private money you would probably have to find someone local that knows the area and wouldn't have a problem taking ownership of a property like this if things go sideways.My guess is you'll have a tough time finding an individual that wants to loan on it. 

At that moment I realized there is money in this.

My thought is, as long as it isnt trendy and wont go out of style, why not just get the best product for the money. 7mm will give you more wear, right? 

It’s our money, B.

I would have if I had money to invest when I started.

Can I charge him money before these things are remedied? 

I'm in columbus and miami happy to talk about our strategies. most realtors here have no value strategy. how will you get your money back?

Taxes wise I have opened up a high yield savings account and putting money into it in case I do end up owing taxes next year, but what do I need to be saving as far as forms, I don't have the tenants on a lease yet since this is my primary on the mortgage, but I am giving them receipts when they pay rent every month and keeping those saved.