I'm looking at a SFR home with a section 8 tenant in place and would like to stay, my question is how do I go about acquiring the section 8 tenant would I fill out some type of form to have the payments made to me?

Something interesting I learned last night while planning for an upcoming stay in NYC.

I would take that $40k and identify an area that is up and coming, near a college, university or employment draw, and purchase a small condo as a rental. 1 Bedrooms or studios make excellent rental investments. 

I asked how long he planned on staying. 

Stay away from condos the market is flooded.

The lender will want to know what your payment is on the HELOC with the assumed draw amount. 

I still continue to DCA into my index funds, but this 50K stays as extra money that I can invest somewhere else.

Great point Michaela, I’ll try and stay open minded to other opportunities.

He says he does not want to do cash for keys and he wants to stay in the home.

Hey ladies and gentlemen, I dont post much but stay active on the site and podcasts.