Buy a rental, find a S8 tenant, sign a lease, submit paper work to the housing authority, wait for inspection, fail inspection, fix issues and schedule next inspection, pass inspection, move tenant in, done.There, I just taught you how to do it :-) 

Am I correct in thinking that you officially have Rental Property when you sign up with a property manager?

The smart folks have known that for years, but it's great to see "official" data validating it now.In short, no...

Every day they should call their case manager, an inspector and a supervisor to advise them how important is that the unit is approved so they can be authorized to move in.

Due to prolific drug activity at his rentals, the authorities threaten to seize his property if he doesn't take action to stop it.

That makes them an agent selling something they have no legal authority to sell.

 We have officially entered the "Hiney Showing" phase in the Smokies. 

The trust then hires our management company to act as landlord and deal with tenants.Yes, tenants do have a right to know that their landlord is legitimate and that they are authorized to manage the property.But, that's it.It's all fun and games until an armed, pissed-off tenant shows up at the doorstep of your personal residence...

Once in a while it's a failed code official who sees it as a good side gig.So these guys know a lot of real estate agents, they go and get their license, and they're good to go as home inspectors.

Call the authorities, put him in prison and move on.