It will also depend somewhat on the price of the house and the method they use for determining the payout.

Purchase price: $34,000 Cash invested: $16,000 Procured an investor for this deal and I live in the house while I’m fixing it up.

Ideally we stay in Cobb/Cherokee county and we stay under a 150k purchase price.

@Aaron Simril you can try to sell it and hope a buyer will overlook these issues.Check your state laws, because in Michigan, you'd be legally required to disclose what you know about any repair issues and would be liable forever.Appears you may also have the opportunity to sell and avoid capital gain taxes on up to $500k of gains from a sale.

Just for more details:- At the current listing price, my monthly payment on the property will be $6000.

Inventory is way up from last year and prices are beginning to come back down to earth! 

Start small, gain experience, and use each property as a learning opportunity.

The owner is ok to let me buy at a good price so I am about to proceed.I have never dealt with Section 8.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

Hi Aqsa,I'm bias but then again, I've owned real estate all over and haven't found a better market for sub $100,000 than Toledo.Low entry price pointHigh cashflowEmployed tenants that pay rent onlineDecent areas with well kept homesNot much appreciation so IMO it's a strict cashflow play.If you find and buy off-market you can snag some great deals for sub $60,000 purchase and rehab.Quality of workmanship is the downside and so is motivation of other folks needed to make investing from out of state work.So beware.These are the downsides bit like with any market, you will always have pro's and con's.All the best 👍