Focus on maintaining good credit and building cash reserves to qualify for better loans and manage expenses.

By last night and early this morning, I did suggest that they evacuate but that they could stay if they didn't have any other options (surge is my main concern, we are on the 18th floor so I don't think they will have an issue with that and we have Miami/Dade qualified hurricane protection)...BUT, I was very forthright that they would likely be without water and electricity and stuck on the 18th floor possible for some time.  

I price DSCR loans all day, lots and I mean lots if times SFH do not qualify for max cash outs because they are DSCR constrained because of the rent. 

Since she is both an attorney and an investor I think she is definitely qualified to answer your questions!

Get a qualified contractor to verify the cause and then make the necessary repairs.

Highly recommend trying to require the agent to provide you all the tenant qualifying info for you to review BEFORE you accept the property with tenants (potentially, nonperforming ones).

Keep in mind that passive losses from rental properties can only offset passive income unless you qualify as a real estate professional.

Remove those and the Net S8 Rent will be market rent.Typically, the only way to get more than market rent is by buying in Class D areas and hoping a S8 tenant will live there instead of a Class C area.Keep in Mind: TENANTS QUALIFY FOR SECTION 8 FOR A REASON!

There are many qualified bookkeepers/accountants on these forums.

. - The main question here is do you qualify as a real estate professional according to the tax code.