Here's an article about a case I read about regarding Section 8 not having to be accepted:http://realtytimes.com/todaysheadlines1/item/2224-...Specifically, here are the most pertinent paragraphs relating to Section 8 not being income:The allegation that the Fair Employment and Housing Act was violated centered on the prohibition against housing discrimination on the basis of "race, color, religion, sex, sexual orientation, marital status, national origin, ancestry, familial status, source of income, or disability of that person."

Can't imagine how he can explain this away.Instead of having your wife call the alleged owner pretending to be a renter, have someone call from another city so caller ID doesn't throw anything off.

I am looking at some listings for tax deed sales. here is what i see in one of them:"Judgement Date09/17/2009Order Issue Date10/29/2009 Case StyleCOUNTY, ET AL VS NAME, ET ALLegal Desc.LT 7 BLK 3 LIBERTY ROAD MANOR SEC 20 U/RPhysical AddressADDRESSAdjudged Value$6,936 Estimated Minimum Bid$6,936.00"What does the adjudged value mean?

And if the same ninja investors were to post there, I'm sure they would get a much better taste of reality.As an example, I recently saw a post where a new BP member without much of a profile or picture who allegedly wholesales 13 million to 1 billion commercial properties wanting to know how to find investors.  

I don't have all the facts, but on the surface the response I have is not against 'wholesalers' but against an allegedly callous city inspection department.

@Jon S It also matters quite a bit that he shorted UDF due to the allegations and investigations of FRAUD against this particular company.  

You’ll punch holes in their alleged income and expenses later but for now just use what they give you.Then you’ll simply take the NOI and divide it by the asking price to determine the cap rate (the financial return of the property if you paid all cash).For example, if the NOI is $35,935 and the asking price is $650,000 then the cap rate is 5.5%.

There are a lot of things I would recommend you putting in place, to ensure there are no complaints or allegations of discriminatory practices or other problems, prior to any communication. 

We're adding a jumbo investor coming online in a few weeks that'll allegedly do SFR rates for 3-4 units if you don't need to use rental income to qualify, but I haven't seen the rate sheet yet so am skeptical.From a risk perspective, using rental income to offset PITI implicitly means more risk because those tenants aren't likely to consistently have your 740+ FICO score or all of those other attributes that would have earned you a competitive interest rate on an SFR.

Allegedly the bully suffered a dislocated knee from being power slammed into the concrete.