Purchase price: $150,000 Cash invested: $80,000 Single Family Home in a nice area (Close to DC, in MD; Blue Collar & Government Workers).

Probably has a bigger impact on government programs and the need to extend social security. 

Sadly, many people, including those in government, are oblivious to what landlords like us do for tenants.

The $40 application fee goes towards tenants' first month's rent. 4) Along with the application, provide me with an employer reference I can call for income verification, previous landlord reference, a copy of their last 2 pay stubs or form of monthly income, a copy of their last W-2, and a copy of some form of government issued ID for everyone in the household.I know this is a lot, but I'm not sure what I could take out to make this application process more appealing.

From my understanding the government pays a portion of their voucher and the tenant pays the rest.

this has happened in the HML space the last 5 or 6 years  in my day you put money out at 20% apr minimum.. now with all the money flooding into the game.. 10% apr is common and less.. so margins are super skinny with all the money flowing into that sector as money chases yield. 

I am trying to conceptualize the risks of giving money over to a syndicator and property management outfit for 4-6 years.Jason,If there was little to no risk (the syndicators always deliver), the rate of return offered the equity investors would be a tiny bit above the US Government bond rates.

There are tons of different sectors (residential, commercial, industrial, etc.) in the real estate world.

@Joshua Costa it’s not clear what your question is, but I’m assuming you’re asking if there’s a way to buy another property with FHA sooner, despite what your mortgage guy said.Since it’s a Federal program (FHA), the fact that it’s in R.I. doesn’t affect anything.I think you could/should ask the question of another mortgage person but I’d be prepared for the answer to be the same.I also always recommend building relationships with local banks and credit unions who hold onto their loans (portfolio lenders), like Pawtucket Credit Union, Navigant, Washington Trust, Coastway (now Harbor One) etc.Often down payment requirements are a little higher, but not always, and you get a lot more variation/flexibility because they set their own terms for the loans - they’re not reselling them on the secondary market so the loans don’t have to fit into a rigid box (be “conforming” in mortgage-speak).I think it’s worth exploring, especially to start building long term banking relationships which will help when you buy more properties, but you may still find FHA is the best deal - it’s hard to compete with the Federal government :)I did a little research and it seems you’re mortgage person might be right, but I still think you will learn a lot from checking with another source and especially meeting local lenders.

I have 2 section 8 properties and would love to convert more of them to section 8.Government will pay 110% of market rent, they direct deposit payments and do inspection to ensure compliance from tenants and let you know if there are maintenance issues.