Check in with @Joseph Chiofalo for STR loan options.

While Section 8 offers benefits like guaranteed rental income and a larger pool of prospective tenants, there are administrative requirements and potential differences in payment expectations to navigate.Before making a decision, conduct thorough tenant screenings to ensure tenants meet your rental criteria beyond their Section 8 status.

Here are the basic steps I take to estimate a rehab at a high level for the purpose of making offers:1.

It’s important to carefully analyze the numbers to ensure you’re getting a good return on investment.Appreciation: Tallahassee has seen steady appreciation, but it's not as fast-growing as some other Florida markets like Tampa or Orlando.Alternatives NearbyIf you’re finding Tallahassee a bit pricey, consider looking at other nearby markets that might offer better value:Alabama: Cities like Birmingham and Huntsville are close by and can offer more affordable purchase prices with strong rental demand and high ROI potential.

These options in my opinion have increased revenue in the current market that just compensates for their increased effort (I have 4 STRs in my market).  

Market is crazy right now with multiple offers on most buildings that are priced right, so definitely a great time to sell!

this isn't an option for everyone based on family situation and lifestyle, but I know multiple people who have sequentially house hacked their way to a portfolio of 5-15 units in 5-10 years simply by using their monthly housing payment.

I would try an explore another option.

I've even made an offer on a distressed property in my last trip and had a great experience negotiating and trying to workout a deal.

DST offer both tax and AP benefits, but cost more money to set up, maintain and manage.