This is the part of the tax law that controls whether the money we spent on fixing something on our property is treated as an expense or as a capital improvement.The Regulations I mentioned are extremely complex and confusing. 

:) A lot of this is thinking out loud for me!

This is extremely helpful. 

Often times inspectors overlooked them as they are very small and minor but as you can probably already tell, they are extremely important and prevent water intrusion.Your best bet would be to contact a very reputable Siding/roofing contractor and have them go through the entire property and put in the proper drippage flashings seals and caulking necessary and have them insure the work. 

If you are buying from a major oil company, their contracts are extremely complex.

An extreme example of this is a property I once sold.

There are a lot of great things that come with renting two Section 8 tenants like an annual guarantee of income once you get a negotiated price on a contract with HUD but this does not negate the fact that there is good and bad to everything and whether that be a cash pay tenant or a Section 8 tenant, it's ALL about the way you do business, and whether or not you have experience to be able to recognize the way that certain things should or should not be handled so that you end up benefiting from the situation instead of losing. let's keep this thread going, if anyone else has any other insights please continue to post this is a great thread because there is a lot of general misconception about Section 8 HUD tenants, properties, and investors, it is certainly a niche market so to speak but if you know what you're doing it can be extremely lucrative.

Self-managing from a different state is extremely difficult, especially in states where the law favors the tenants.

As a property owner, my experience with MNPMC (sometime called MN PropertyNerds) as a property manager has been extremely disappointing.

The internet has a way of highlighting all the scams out there, but fail to mention the ones that are doing good work.I lack the charisma, but I do have a soul and a successful community.This is exactly the type of response Nick's comments would draw from the type.The best coaches in the world have nothing to sell you, have done mostly everything you're trying to do and pass the guidance without being loud about it.