Hi,We are considering turning one of our vacant apartments into a section 8 and was wondering if people can share their positive/negative experience.

Out of state and PM intensive don't always go well together unless you have experience or a concrete plan.Akron as a whole I do believe to be a great cashflow market even in these days of little cashflow.

And hey, let's talk experience.

Hindsight is 2020 of course :)I’m not too worried about HOA fees and special assessments, I can still afford those out of pocket even without rental income.I have no experience with private money lending.

One of your biggest challenges will be separating all the online fluff from reality.EXAMPLE: several S8 "gurus" have already been exposed as frauds, but unfortunately, they sucked in thousands of investors.You're an engineer, use your education & experience to start building up a logical approach to investing in rentals:)Start with this:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

You get some cushion and reduce future outlays while picking up his experience...

I wanted to reach out to see if anyone with experience could give me some insight to the current market.

They may be able to give you some input and feedback based on their experience. 

Looking forward to legal advice for LLC opening. any referrals who have experience with international investors? 

I believe that the knowledge and experiences shared in this community will be invaluable, and I am eager to learn from all of you.I would greatly appreciate the opportunity to connect with fellow investors, especially those in the Vancouver area or anyone who started their journey in similar circumstances.