At the same time I reached out to a property management company run by another frequent poster here on BP in MKE and he recommended Marcus as well.

This is a topic that comes up very frequently in conversations with clients, investors, and friends here in Florida.

I have 12-doors in Detroit and 3 of them have Section 8 tenants.A lot of folks will tell you how terrible the program is and how tenants will cost you more in repairs and capex then you'll make it rent.These are usually folks who have either a) never utilized the program or b) did not do proper tenant screening thinking that section 8 is fool proof.In a nutshell, the pros:1) Obviously, automatic payments for all, or some, of the rent2) Tenants tend to stay longer3) Ease of raising rentsThe cons:1) Longer tenant placement due to inspection requirements and timing2) More frequent inspections3) Tenant vouchers can change without noticeThat's the big overview but there are far more nuances than that.

If you are investing in Urban areas or smaller homes, they tend to turn over tenants more frequently. 3 bedroom, 2 bath homes in areas with decent schools and low crime.

Not to mention that frequent drives in the summer to check the house between bookings became less and less attractive.That’s when I decided to switch to a mid-term rental (MTR) strategy for the summer.Advantages of a Mid-Term Rental StrategyYou reduce your time spent managing multiple reservations and property turnovers.Your MTR strategy can co-exist with your short-term strategy, allowing you to attract a different segment of travelers.Pay smaller fees/commissions.

I was frequently calling the seller.By working an off-market deal directly with the seller, I was able to buy the property significantly below market value.

I haven't verified them but the numbers are good.In the Boston area I'd look at Everett for flipping 3 families in to Condos in front of the casino.  

The seller had conveniently failed to disclose the frequent roto rooter calls to unplug the sewer line that was penetrated by tree roots.

I have enough frequent flyer miles to almost never have to pay for a coach ticket again.. and a few million points with Hilton...

I have a very nice little 4 acre piece I bought in Northern CA back in the early 90's that if I used cash flow as a determining factor i would have never bought it for 27k and suffered negative cash flow of 200 a year in tax's all these years. but I would not also own a property that has just been zone mixed use residential next to the largest casino in CA...