This is definitely a win for NAR. 

On top of that, demand isn't really the problem, it's simply new supply having to get absorbed.

If the property was acquired for a good price and you can sell it to someone who will do the reno, it's a win-win.

Most banks or credit unions simply wont do them post the GFC..

So the pro tip is answer the phone even if you cant talk you simply say Hey I cant talk but wanted to acknowledge your call can I call you back IN ?

just be thankful you can get one at all. most banks simply dont offer these.

@Clay Hall, I like a HELOC on my primary residence as an emergency fund, and wish I’d had that extra money when I got started, simply as reserves.  

We ask simply questions, like were they late, did they have lease violations, outstanding debt and would you lease to the tenant again.

If the tenant makes sense, the rent is there, and it all works for the particular property, I'll go with S8.But I'm not the type to turn down a well qualified cash paying tenant simply because I only want S8.

You would simply place all names of occupants on the notice, pursue eviction, execute eviction of those you did not want to stay and let the others stay.