(in fairness, this is not super common).  

Over time, Section 8 rents did not keep up with market rents for my properties, so I slowly converted them to market tenants.Pros of Section 8:You are likely to have families as tenants, so it is more common to have long-term tenants.These are lifelong renters, so you don't get calls for stupid stuff that really should be tenant's responsibility.Most are used to slum lords, so simply being responsive builds huge amounts of goodwill to you.Cons:the biggest one, for me, was the annual inspections.  

Is it common to ask for bids before locking in contracts?

You'll also need to find a lender that offers portfolio loans, which might be less common.### Other Considerations- **HELOCs (Home Equity Lines of Credit)**: You can take out a HELOC on each property or on a few properties to pull out equity.

A common mistake is assuming that people always behave rationally and make decisions in their best interest.

We want to put up signs and get cameras set up around our perimeter and inside the common areas for added piece of mind for us and the remaining tenants.  

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You have the problem common to a lot of people getting started; wanting to invest but lacking sufficient capital.  

Thanks in advanceVery common strategy - I would say if the LLC is buying it then make sure it is buying it and its separate from you as a person -for example if you are getting a mortgage it must be in the LLC name not yours. 

One common theme on the forum that I have noticed is that reators who are active in a certain markets keep pumping their narrative and bias which puts me off as the motivation is at question here.