A friend recommended this page and I have been looking through and absorbing as much information as I can.I live on the Eastern Shore, specifically near Salisbury, MD and I'm interested in building a fix and flip business on the side and then eventually make it a full time job.

The reality is the best lessons are on the job training.

Columbus has been a really strong market for BRRRRs though because you can still pick up properties in the $120–180K range, hit the 1% rule, and force appreciation through rehab while still seeing strong rental demand thanks to the job and population growth.

from my experience in section 8 and I owned hundreds of these SFRs in multiple states.. you take a lifelong section 8 welfare recipient and all of a sudden their voucher is gone.. your going to have a no pay and an eviction most all of the time not to mention a beat up house. its going to be tough on a single mother of 5 kids who has never had to pay rent a day in her life to all of a sudden have to pay rent and get a job.. lets see how it all shakes out.. now these folks are nothing if not creative they may get someone to take their place and start the 2 year cycle going a new..

I know profits are not what they were in 2020, but wondering about trajectory of area and if it’s too saturated to enter now.

Hello Everyone, I live in Boston but will be taking a new job in providence Rhode Island.

Columbus has been a really strong market for out-of-state investors because it’s still affordable—you can find properties in the $120–180K range that hit the 1% rule and cash flow—and the fundamentals are on fire with population growth, job growth, and huge developments from Intel, Amazon, Google, Microsoft, Honda, Facebook, and LG.

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 agree with you that that should be pat of your PM's standard job description and included in your monthly fee.  

Could some personal problem like job loss or medical issue keep you from being able to cover the negative cash flow?