@Frank Rolfe hits the nail on the head with respect to replacing homes. 

Kentucky has no cap on deposits so I also add an additional $600 to the general refundable deposit to give me extra room if there are damages but I’ve never needed it for pet damage.  

And that's a risk - well, seems to be the nail in the coffin for me in terms of evaluating Section 8 as a viable investment option.Would be curious to hear if this happens / has happened to others?

Perhaps that's a sign that they weren't just looking for an upfront fee from me and they're legit, but I can't be sure.For those who were asking, the terms were 10% and anywhere between 5-10 points, which we didn't get far enough to nail down.

If your a CAP RATE sort of person I average an 11% CAP on these properties and think that 10% is still very viable here.I hope this information is helpful to anyone who wants to factually compare the markets before diving into one.Cheers!

Windows are crooked, tile is uneven, dangerous nails sticking out inside the cabinets, the list goes on. 

Get things nailed down as to timing, etc.

It's a wild ride, but with the right moves, you can totally nail it.

If you have no experience they might nail you on the rate.  

The game was a nail biter until the very end of the 4th quarter.