Thanks, Kaylee, for your great comments,Regarding viewing interest as an additional expense when calculating cash flow.

I really appreciate the insight now and I'll definitely have to keep it in mind the next time I visit Houston. 

It costs the tenant an extra % to pay with credit card but it’s no additional cost to the landlord.

@Michael BaumIn addition, you need to have reserves for the mortgage and unforseen repairs.6 months of mortgage payments would be good to carry you and fund emergency repairs.

Appreciation and cash flow (in addition to sale price) are all important factors when it comes time to resale and exit that particular property. 2) what class neighborhoods do you wish to invest in?

You can use your normal lease, but Section 8 will have their own lease in addition. 

Feel free to reach out to me for insight about the IE. 

Here’s the essence:•It’s about making market analysis quicker and more insightful.

Additionally, there may be deductions and credits available to you as a landlord.Some potential tax deductions related to rental properties include:Mortgage interest: If you have a mortgage on the property, you may be able to deduct the interest you pay on that mortgage.Property taxes: You can typically deduct the property taxes you pay on the rental property.Depreciation: Rental properties are subject to depreciation, which is an allowance for the wear and tear of the property over time.

Prior to speaking with an attorney you need to learn how the syndication model works.Underwriting, LP/GP structure, fees, etc.A great book is Best Ever Apartment Syndication - textbook for this business.Happy to provide more insight on the process, if you want to send me a DM.