2) How did you structure your first deal, and what challenges did you face?

Yes that seems high but without a breakdown of costs for the 13k it's challenging.

Avoid common pitfalls like underestimating costs or tenant management challenges by planning conservatively and staying proactive.

So, after 30 minutes of going over the information of the case, the judge decided he should have a chance to defend himself, and I have to go to court again in 3 weeks. 

@John Kim @Travis Biziorek is 100% correct.S8 really isn't difficult, but it's not the answer to everything that the self-proclaimed "gurus" make it out to be.With S8 tenants, you're just trading one set of challenges versus direct paying tenants.When we advertise a rental, we take the best tenant we can find, immaterial of their source of rental funds.You want to be careful investing in the City of Detroit because there are a lot of "crooks" trying to sell you Class D properties dressed up to look like Class C or B.Connect with us or Travis for more info!

People all of the time, "over estimate" the opportunity and "underestimate" the cost and challenges in doing a profitable flip.

You can try and fight it but does not mean you will be successfulI would also be curious to see what your property insurance looks likeFor me this is just another example that home prices are gonna eventually have to soften as between taxes, insurance and Interest rates home affordability is very challenging

I attended the City of Binghamton Council meeting to try and defend why good cause eviction is not the way to go! 

Flipping on a land lease with high HOA fees = challenges that could impact profitability. $700/month HOA fee may deter buyers, elongating your resale timeline, and could push your ARV closer to the lower end of your range.

This usually works where there is a lot of garages.If you have the means to solve the financing challenges a tic/coop can be another sophisticated value add.Note this is just some value adds.