Assuming $2600 rent, with 10% prop-mgmt fee, plus a 15% contingency, that leaves $100/mo cashflow which seems like is cutting it way too closeMy main goal would be to diversify my investments beyond stocks and bonds; also would be good to be able to apply the initial leverage I used during the purchase for a longer period of time for appreciation (not sure if that's sound logic tho); and finally would be nice to not pay the $30-40k in selling closing costs.Thanks in advance!

@Ishmael Johnson, just as a follow-up, the 5-day waiver I'm referring to just applies to Louisiana.

If they are they apply just like non Sec. 8. 

LewisThe older I get and the more experiences that have shaped my being the more I have grown to understand that value judgement is necessarily rooted in both tradition and some deep narrative and the individuation of those charged with providing benevolent constraints masquerading and protection from one’s ignorance.

*Note: These rules do not apply to short term rentals, only leases of 30 days or more.

Have you applied for any government assistance for back rent? 

I just found on out now when I applied for financing and got my scores in the mail.

Hey BP,I'm not looking to buy for another year or so but I know it's probably a good idea to start prepping financial documents that one would need when applying for a loan.

We start our first flipping project in San Jose, we will hire licensed contractors to apply for electrical and HVAC permits.

This applies to any common expense, such as garbage or roof replacement.Another thing to consider is that expenses incurred prior to "in service date" are capitalized.