If you're new, starting with a non-Section 8 property to learn the ropes might be a wise choice.

Duplex is still a possibility but with the amount of the loan (250K) I got, the non-SFH option is a little limited.

With the new Business Owner/Investor continues to pay the Mortgage with a service company so payments Principal and Interest go to the Bank as scheduled per the original MortageHow can the new buyer do a wrap (#subject to) with the #first #lien for the underlying mortgage where as the Seller equity is in the second position?

The way Avery Carl (the author) and the podcast guests describe it, managing an STR seems quite straightforward, though I'm aware it requires significant effort to be successful.My plan is to purchase a property for under $400k, make a 10% down payment, and self-manage it as an STR.Living in San Diego, and given the real estate prices in Southern California, finding a profitable STR locally seems challenging.

Determine the preferred method of payment and communicate it clearly to the tenant.6.

During Covid  other loan types got modification deals, not so much with VA loans.Department of Veterans Affairs is going to review every file with one late payment and check the deed, check the fire insurance.

He also states they don't have enough for the down payment (which he says he needs $230k for the downpayment).

As many investors know, lenders typically require more down payment 15-25% and to utilize Debt Service Coverage Ratio or DSCR loans would not allow vacation rental projections or income to be utilized for qualifying purposes.

I think what I will do is, as some of you already mentioned1. reach out to some here who offered to help2. read the tax forum and find CPAs that I think has provided good guidelines and see whether I can get an initial consultation with themI know they can add value to my situation but unless I believe they can add long term value that will justify my payment, I'm not willing to commit to them. 

No.Solutions: 1) Stay out of it 2) Camera the laundry room and check the condition of the washing machine after each time you see residents using laundry, charging the prior user for any damages. 3) If you are convinced it is the mechanic and they aren't worth keeping as residents, non-renew them at the end of their lease.