Artificial limits that aren't based in reality have the negative unintended consequences that end up doing the opposite of what the "advocates" and politicians claim will happen.Third, and this has been the crux of the whole issue for me, let's just look at real examples of what has happened when "rent control" (which can take many forms not just the threat of using tax breaks) measures have been implemented. 

@Jasmine Williams in theory this sounds great but in reality 500k equity after paying closing costs and taxes would be around 250k cash in hand, so the 6% CoC you are getting would translate to 1.25k monthly cash flow.

In reality to be successful in real estate you need knowledge of real estate principles, real estate finance, real estate law, and real estate practices.

But even though we plan to hold the property the reality/risk of not being able to pull equity or sell easily later on without maybe a land contract is kind of concerning?

In Tampa there are so many that are done without permits, and it can mislead a beginner into thinking they are getting a great deal when in reality it can be a big headache and money pit to legalize after the fact. 

We manage almost 700 doors in Metro Detroit market, 92 are S8, so we are very familiar with the program.We've got some great S8 tenants, but also some not-so-great ones that abuse the program.PM us if you'd like to discuss the reality of using S8 effectively...

The reality is the buyer pays a certain amount less based on certain things.

But the reality is that the majority of stable, SUCCESSFULLY self-employed entrepreneurs will do pretty much anything to own their own house, and the ones that aren't financially capable of doing so yet will understand the income-verification problem quickly.

The unfortunate reality is that the national average is around 28k for hairstylists.I own my own salon suite, and believe it or not it's the most money I've ever made in my career so going back to a traditional salon is not an option I plan to pursue.I was planning to so a small multifamily (duplex or triplex), live in one side and rent the other out (my boyfriend would also be paying me rent as well).There is no shame in what you earn!

That was the only way the numbers would work and reality was they would not get those rents.