Episode
Can You Make Money With Cheap Rentals? This Investor Is. With Mike Bonadies (Ep 576)
- Published
- Jun 2, 2026
- Duration seconds
- 1365
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Summary
Many real estate investors avoid C- and D-class neighborhoods due to crime, older housing stock, and management challenges. Mike Bonadies sees opportunity where others see problems. On this episode, Mike explains why he focuses on lower-income neighborhoods and how those properties have allowed him to build and scale a large portfolio. We look at the types of properties he's buying, what he's paying, how much rehab they're typically needing, and the numbers that make these deals work. With a lower barrier to entry and strong cash-flow potential, Mike believes these markets can offer opportunities difficult to find elsewhere. We also get into the realities of owning low-income housing. Mike talks about working with Section 8 and other government assistance programs, dealing with inspections, navigating government red tape, and why these properties are anything but passive investments. He shares some of the biggest challenges he's facing today, including applicants using AI-generated pay stubs and bank statements, as well as the steps he's taking to verify income and avoid costly mistakes. Finally, Mike reveals the key numbers he tracks and the one thing investors can do to increase their chances of success in low-income housing. https://rentalincomepodcast.com/episode576 Thanks To Our Sponsors: Rentec Direct - Automate the day-to-day work and make property management easy. Use promo code RIP to get 10% off your first 6 months. Ridge Lending Group - Making the investment mortgage process simple and stress-free. Sign up for a free 30-minute investor strategy session. MidSouth HomeBuyer s – Turnkey Rentals In Memphis, Little Rock, and Dallas. Instant cash flow on day 1.