Just wanted to share a quick win! Closed on my first Section 8 property last month - a 3BR/2BA in Ohio. After all expenses, I'm cash flowing about $400/month. Purchase: $85k Rehab: $12k FMR: $1,250 Actual rent: $1,200 Mortgage + insurance + taxes: $650 Vacancy/repairs reserve: $150 Net: ~$400/month Tenant moved in this week with voucher already approved. The PHA inspection went smoothly after fixing a few minor items. On to the next one! Thanks to this community for all the guidance.
Where are the good deals?