Do not EVER use the security deposit for repairs or rent while the tenant lives in the rental.

to do it right you need a pretty big plot 5 to 10 acres and the cost of said in a great location usually makes them financially not feasable thats why top golf has taken off.. they can spend 50 million on a facility because it generates some pretty good revenue.. never looked at it from that stand point I suspect they are a public company..

Although the broker is claiming it is under-rent and a pro-forma NOI can be as high as $52,883.

If you are renting an apartment, look at apartment comps.

What location are you looking to expand your portfolio?

Not the same as “Rent to Retirement” - which was initially confusing to me. 

I almost made the mistake of paying a Philly guru who was going to teach me the ins and outs of buying section 8 homes and after reaching out to others on BP who invest in better market real estate, realized its incredibly risky.I have 12-doors in Detroit, 3 of which are rented to S8 tenants and have been for nearly 5 years now.The experience has been pretty solid for me.

Other property owners have been running specials on rent to fill the vacancies, charging the same rent of $1200 that he signed a lease with us for the 2/2.

Property Manager says I can get at least $1900 a month in rent on the open market and $1770 going Section 8 route.

My guess is yes in which case, get a copy of the document and let the family pay the back rent.