I bought my house 5 years ago with the intent to live in it for a few years and then turn it into an STR.

When we were much younger my wife and I were one of those Section 8 tenants and we lived in that same zip code during that time (it was D neighborhood back then also).

Search for some answers on here or post your questions to get some live feedback.All the best to you on your journey!!

If there's a hole, it may be a red flag.b) sensitivity analysis: I examine all the assumptions, and make sure I can live with the worst case scenarios.c) "Stall and see": if they are getting money over multiple years, and there is no penalty for investing later, I would usually wait so I get some real performance data, versus having to look at theoretical pro forma information.d) Recession stress test: I will not invest in anything, until I subject it to recession level stress and see if I can live with the result.

Allow me to introduce myself – I'm Lane Klastow and live in Phoenix, AZ, and I'm diving headfirst into the thrilling world of real estate investing.

Buy a golf arcade instead like Golden Tee with Power Putt Live.

The kind with low money down but you have to live there?

If you find a building that is outdated, it will be priced accordingly and is a great opportunity to updated it and add value-when updating though keep in mind you are not living in it and not to go over the top. 

Welcome to my weekly article, which I dub 'A Skeptical Dude’s Take on Real Estate,' coming at you live from Nashville, TN.

What I would suggest alternatively is putting a clause in the lease that anyone above the age of 18 that's going to be living in the unit for more than 7 days has to be approved by the landlord and pass credit/background/income check etc.