STR/MT rental math:Even if each side brings in $2,000/month, gross $4,000 total, you’ll probably net closer to $2,500–$2,800 after cleaning, utilities, supplies, taxes, etc.

Getting past the method of utilization of the equity in the rental is the first hurdle I would like to figure out how to solve with everyone’s help.

Then there are the challenges with Section 8 tenants paying utilities and taking care of their rental property.

., septic systems, utilities, hookups)?

The only downside is making sure transfers back to your operating account are quick enough to cover mortgage drafts.Separate buckets: I keep one account just for operating (mortgage, repairs, utilities) and another for reserves.

What resources do you recommend I utilize as I begin this process.

To pull this off, you may want to use social media platforms to find your next great deal.But how do you utilize these platforms to find real estate sellers who are motivated to work with you?

Are you utilizing REPS?

They pay option money (depending on your state.) earnest money, probably a survey, and maybe an inspection, line up movers, sell their old house or give notice at their rental, set up utilities and deposits, take off work, and all the other things that come along with buying a house. 

Confirm rents, leases, deposits, and utilities with third-party proof, not just their word.