Hopefully you will get things sorted.

@Vinay Sanapala, I am going to sort of summarize a lot of what others said.I had a small portfolio of about 6 section 8 properties at once.  

What sort of paperwork did they give you regarding the investment?

A reserve is unnecessary, but I still keep around $15,000 - $20,000 in my account.The point is, that you should sit down and assess your finances to determine what the worst-case scenario may look like, how much you would need to cover it without impacting your life, and whether you will need to build a reserve.

Should I still do some sort of addendum to the existing lease to have it in my name, or am I okay to leave until renewal in January?

Usually in order to achieve that, you will need to get into some sort of a business.

But, if they don't have some sort of formal training/experience within the industry hiring them is a terrible idea (from what I've heard).Just to put this into perspective, all of our bookkeepers are U.S.

try Jumping on Pace MOrby s  facebook all sorts of beginners there.. probably most will be dead ends IE all hat no cattle but you never know at least your all like minded.

"In the long run, rebuilding efforts boost both home values and rent costs, which can prompt “changes in sort of the social fabric of the community.”"

I would then need to bring $85,000 + closing fees to closing which seems like the worst case scenario Is there an option I'm missing???