Estimated Rent (based on neighborhood median) = $2800Total expenses including HOA, Capex, Property Mgmt, and 50% rule for maintenance = $2750Cash flow = $50  :(Do I hold onto this gem or sell it and move onto a new strategy??

I won't be providing appliances but I know that for the section 8 inspection, part of that includes inspecting a working refrigerator and range.When I did Section 8 a couple of times years ago, I was sure the houses would pass or only need minor fixes depending on the inspector that I got, but I let the tenant move in right before the inspection so that their refrigerator and range could already be in place and be inspected.  

I will be delighted if you include me in your group. 

But since this was a new build, I was able to have the developer pay the closing costs, including some extra upgrades done on the property. 

Hello BP,I'm looking into purchasing a property in Sarasota, FL that is built on a large parcel and includes some vacant land. 

The cost of the materials was $1,500, and including labor I’d estimate this cost me about $3,000.The property manager never ran this by me or gave me an indication these project would be completed.Our service agreement is clear that written consent is needed when costs exceed $1,000 and in this instance these were not repairs and requirements needed to rent the property.

We have access to around $200k if we go all in not including investors if we could find them.

Savvy investors often navigate this by leveraging various assets as reserves, including investments and retirement accounts.

In parts of the world (US included) where there are homeless people and cheap land, this can help provide a solution.

I'm wondering though, if I market them as lease option/rent to own, will a PM show the property, handle paperwork including the option contract and then manage the property or does that require a real estate agent?