Sure you have some people who have limited ability to move up the economic ladder because they have intellectual or mental health issues but I just don't get long term section 8 for as many people as there are on it.

It would be the underwriter that just needs to document the 6 month seasoning before closing in order to stay within the terms of Fannie/Freddie guidelines. 

@Wai-Ming Lau in our area, licensed inspectors do not give estimates or complete repairs - it’s a different term in our contract for using contractors vs licensed home inspectors.

If you are trying to short term rental, then you also probably have the start of your answer from looking at Airbnb comps.

Having a stable job can help you handle unexpected expenses and save for buying new properties.Many new investors are often looking for deals with good cashflow, but these are usually in less safe areas because they come with higher risks then investors are expecting higher cashflow.I suggest focusing on the long-term growth in property value rather than immediate cashflow.

If we crush the rehab I think we can even push closer to 200Cash-Out Refi Amount: $131k (75% LTV of the conservative 175k figure) Profit if done as a flip: 60k. (175k - 115k purchase price & rehab)Cash Invested: 18k (This accounts for $7,500 for down payment to lender, $2,000 in EMD to seller, lender fees, inspection, insurance, title, projected 3 months holding costs at $1000 per month)----------------------------------------------------------------------------If I do it as a flip, from what I understand, I'll be hit with a ridiculous tax bill (24% short term capital gains + 15% self-employment tax), leaving me with roughly $36k after-tax profit. 36 - my 18 invested leaves me with 18k increase to my net worth.

The short term rentals up in that area do very well all around Crystal River the Springs.

Starved Rock Country (LaSalle County, IL) is a great place to invest, especially for short term rentals. 

Keep learning, networking, and exploring opportunities that align with your long-term wealth-building goals.Good luck!

Just include it as a term of any offer you make to have the seller pay your brokers commission.