Thanks Stephen. I am trying to figure out the rules. After a few experiences like what you cite above, I have settled on asking for first month's rent, last month's, and security deposit at signing with no exceptions. This has worked well for the past few years, as it very much increases the likelihood that my new tenants will not be living on the edge of the financial abyss. Thus, they can absorb an unexpected car repair without missing the rent.
I am not sure if the new policies would still allow me to do this, as there seemed to be one part of the law that would mandate that landlords accept the security deposit in little bits over 6 months of time.
Even if the city would guarantee the full security deposit, that would still interfere with my attempt to make sure a tenant had at least the small amount of reserve to make sure that their unexpected problem did not become my unexpected problem.
I also wonder about the section 8 qualification process. I have never been through that process, and, although my properties are all in exceptionally good shape, I am worried about the disruption to my business that might ensue if I am forced to go through this process.
Last time I tried to do someone with money problems a favor, they left me with $5000 rent owed, and when I went into the property to get it ready for the next tenant, it had been destroyed, (not maliciously, but destroyed nevertheless) it cost me $22,000 to get the property ready for the next tenant.
Lesson learned.