I have a few critical questions:1- Do I need permit for kitchen and bathroom remodeling (which includes changing the layout within its boundaries without expanding it)?

When you list your properties, you can include in the listing that you're willing to accept Section 8 applicants. 

How does the property do if you use 50% of rent as expenses not including P&I?  

We agreed on a section 8 tenant stabilization plan, and after their first full month of taking over, here's how we're doing: Total Properties: 11Total Rent To Collect: $10,240Historically, under Own It Detroit (Mutual Property Management) -- monthly totals of rent collected on the first and before the 5th was typically $1200 LogicPM has inherited tenants who for the past 6-8 months were told as long as payments come in before the end of the month, partial payments included, you're okay.

If you're worried about break-ins, then you need to secure it.We give our clients several options, including removing & storing the mechanicals to avoid theft.Also, check with your municipality to see if they have any requirements.

That GRI does include income for cleaning, taxes etc. though normally, which is really pass through expenses for the most part.

Including a contingency in the first 3 days after the contract is accepted is a good idea especially if there are tenants. 

Some of my leases need to be updated, including increasing security when increasing rent; putting in clear violations (such as tenants using electrical heaters, which is a fire hazard); having a reliable attorney ready should any legal issues arise.

Local in Bellevue, northgate for some of our other team members, what specifically were you looking to accomplish in the cashflow multi-family game? 

This would also include any new Tenants just as above in sect (f)(1).