I've been throwing the idea of Section 8 around eventually; however, I'm not into rehabbing right now.

Profits don't really land in your pocket unless you are throwing money in, time, effort, financing costs, interest, any profits shared with investors, you'll be ahead doing what you do best.

Reason I ask a lot of people will throw numbers around, and the $59K repairs did a GC give that estimate.Joe Gore

And that is a huge business.You tell the masses you can invest with no money, no credit and virtually no real estate experience, and make great money, people will throw there money to learn those secrets.I've met a ton of seminar investors, and usually they are very motivated out of the gate, but then quickly fizzle once they see how competitive this business really is.

Even if you just throw it on the MLS, someone who can create an appealing listing and who can take great pictures is important.

It looked like there was more education included than a person could ever get through.Not trying to persuade anyone either way, just throwing some info out in case it is helpful for anyone that is considering it.

This way he is not throwing his money away on rent and has an actual asset and not a liability.

Dion, Bill throws things out there to muddy the water on notes with no link or government document to back it up.

Also, any investors money will be tied up, meaning they cannot invest in other things...and with no money coming in I do not see too many investors that would take that risk.When you throw in the fact that you have zero real estate experience, no money (skin in the game), no other business background, very little credit history, you are going to have a hard time.

(I used to rent it out, but moved into it after my divorce in 2010.)However, I don't have a ton to put down on the new place, and with PMI skyrocketing over the last year, if I go with a conventional 97% on the new house, the PMI throws me over the D/I threshhold.