STRs provide a better opportunity for cash flow due to the higher daily rates, however the involvement is clearly increased.

Are there any tricks to establishing this legal entity, or do we need to just accept that this is how this part of the industry operates, and either get with the program or find something else to do?

Personally, I have little confidence in that outcome.Despite these disappointing results, the team continues to launch new funds and raise capital for their 2026 program.

The dominant amenity might be a lake, trails, glamping units, or even community-driven programming, but the takeaway is the same: you’re underwriting an operating business, not just dirt.

Same for 2-years of job/income stability.Tenant Default: 10-20% probability of eviction or early lease termination.Section 8: Class C rents usually meet program requirements, proper screening still recommended.Vacancies: 10-20%, depending on market conditions and tenant screening.Cashflow vs Appreciation: Should cashflow immediately, at the lower end of relative rent & value appreciation.Class D Properties:Tenant Pool: Majority of FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, but should have no convictions/evictions in last 12 months.

I’ve reviewed the Fair Market Rents listed on HUDUser.gov and was wondering whether the rent amounts shown by ZIP code reflect the actual payments landlords typically receive through the Section 8 program, or if they’re just guidelines.Based on my research, Detroit, MI seems like a solid market to get started due to demand and affordability.

Quote from @Chris Seveney: There’s so many programs.

There are options at less than the six month mark but there just less programs so there will be less good options to choose from. 

I am not ready to give up my full time job so as involved as I can be.

It is a strategy that I've done with my wife 9 times in 8 years, so it is very powerful and you can live for reduced cost and sometimes for free if you do it correctly, and that's my favorite part of it.Regarding the Section 8 question, I'm very familiar with Section 8 since I've down it on about 8 units total in my 20 unit portfolio in Denver, Aurora and Englewood, so I've worked with all the housing authorities and understand the program very well.