I understand this is a huge commitment but up for the challenge!

heheI miss the Midwest's "simple" mentality of my common folks.Even tho, as you mentioned the weather can get brutal.It's always a tough gig to do deals from afar unless buying turnkey.Even then, turnkey is not worth it unless the portfolio is big.As soon as you can, move to the market you want to invest in and with time you might become "institutionalized" to it just like I did with Toledo hahaI put Ohio Cashflow on the back burner 3 years ago as I got burnt out on working with investors lolWe only sell from time to time to our existing book of business and if I like the specific investor hahaI list most deals on the MLS and once sold, I clean my hands.No need to babysit the never satisfied and disgruntled landlords expecting retirement from 1 turnkey property...Unfortunately, it is what it is and I ate $#@% for many years before I said enough is enough heheOz Realty has been the bread and butter for us and our main focus since we shifted focus.Crazy that I'm even typing this as I hated PM for many years and considered it just as the "necessary evil" in order to offer a turnkey product.Now, if I could turn back time, I'd never do turnkey and would only do PM hehe.Everything happens for a reason mate.Granted, it took 7+ years to create a lean and efficient PM machine heheI'm in Toledo every month for 7-10 days so feel free to hit me up whenever you are in town.All the best mate 🙏 @Engelo Rumora , haha, a new book would be valid for sure, as things do change fast in this world, looking forward to it. 

We have an existing LLC, but it's for a business of a completely different nature and purpose.

I fell off for a bit from fully committing to myself, my family ❤️, and the legacy I want to build 🌱.

There’s existing infrastructure, demand from working-class renters, and many investors use Section 8 as part of their stable cash flow strategy.Cleveland, OH still has neighborhoods where Section 8 is viable, though it's more variable - you’ll want to carefully vet which zip codes.Birmingham, AL and Huntsville, AL also have potential for Section 8, especially in neighborhoods close to jobs and transit, but they tend to require stricter due diligence on tenant risk and neighborhood stability.In short: Memphis probably gives you the most “safe bet” among those four for combining affordability + existing Section 8 systems + investor awareness.2.

We recently renovated one within an existing structure to understand the process firsthand.

You could also explore SBA 7a or 504 loans or even a creative structure like seller financing or a wrap loan if the seller’s open to it.3️⃣ NOI vs. existing loans:NOI is independent of any owner’s financing.

I’m glad to be here, and I’m looking forward to learning from others while sharing what I’m seeing locally.Here are a few observations from my side:In Phoenix, the model works best where floor plans allow for simple bedroom conversions, tenant demand is strong, and zoning is not a big obstacleRents in this space have stayed solid even while the luxury rental market has softenedNationally, PadSplit recently crossed 25,000 units in 25 cities and secured $40M in Series B funding, which shows how much demand exists for workforce housingFor those of you in other markets, are you noticing similar trends with shared housing or workforce housing?

My goal would be to put 20-30k into existing home, have money for the down-payment on the next as well as rehab money.

Regarding the other post on companies doing due diligence, they exist, Mick Law, Factright and others provide sponsor due diligence reports (They are not cheap), but they are very very detailed (we had a factright report done), and most sponsors would not pass the sniff test, which is why they do not get them.