I am a new member and have been reading through materials, I going to be in a position to purchase a couple of rural properties in Michigan.This has me wondering to what my best options may be for buy and hold rental properties, go traditional financing methods, or look at starting right away with BRRRR?

Using this method, the borrower's monthly payment is still affordable but we collect what's owed to us at the back end. 

@Daniel Mendez, @Charles Carillo is spot on - the issue many folks have with turnkey as a general model is that the opportunity to force appreciation and sell quickly for a profit is removed - because that's what the turnkey company has done, that's how we make money.If you BRRRR or other DIY method, you find a distressed property, you renovate it, you either flip it for a profit or hold it as a rental.

The quality of tenant is the variable, most people that need section 8 are good people who just haven't quite figured out how to improve their situation in life, they just want a place to live and will generally behave if they have a solid, clean, safe place to live.Make sure you check local laws and rules around section 8 so that you don't get yourself in hot water, perhaps get in touch with the existing owner/property manager and see what there experience has been with section 8 and especially the current tenants. 

Do you all agree with that method?

Plumbers hate cleaning drains. 

I also own a small carpet cleaning company If know someone or ever need those services. 

The community was presented as a stabilized and clean park but had under market local rental rates.The community is located within the City limits of Declo and has all city maintained water and sewer lines.

Usually I look for a value add like turning a half bathroom to a full, or adding an additional bedroom, but the comps were strong and I knew by cleaning the home up I could easily find the value.

He is nearly hitting the 1% rule on an $800k property just north of Columbia Heights by using a rent by the room method.