This is not a rare occurrence - this story is old as time. 

I would like to do a combination of both flips and rentals depending on what makes the most sense for the property location and needs.

The tenant is good, pays on time and rarely asks for anything.

Combine the basement with the 1st floor unit and remove the kitchen. 

In the few rare cases when I've used seam sealer, it was Roberts 7500.  

Once we refi, cash flow for both properties combined will be about $1400.  

2 thoughts. 1)You pay for what you get, ie cheap in rarely good, and good is rarely cheap....

Combine those facts and it seems logical families will opt to continue renting in the city longer in lieu of perhaps buying a starter home and they grow out of the apartment style housing units.

By year 10, you’ll have a combination of growing cash flow, appreciation, and equity that could boost your wealth by several hundred thousand dollars.Consistent investing and proper management can lead to solid passive income and long-term wealth.

The property in combination with the local market has resulted in a very large # of applicants having section 8 subsidies.My company has only had a handful of section 8 tenants apply in the past but have never had any that ended up leasing from us.I'm looking for advice as to what questions should we be asking of section 8 tenants?