Unfortunately I think you will find that section 8 cares more about their tenants than the landlords.I have gone the route before of section 8 violations and the case workers do nothing.You simply have to evict the section 8 tenants.Mine not in compliance went voluntarily.It was a case of one great tenant next door had a small child care facility of watching 4 to 5 kids.The section 8 next door that were inherited tenants I received upon inspection had a pit bull and a rottweiler.They were told that was a violation of their lease.We evicted and they said they had gotten rid of the animal only to find they were hiding it and was back again.The parents dropping off the kids were scared of the pit bull for the day care next door.This tenant also had a portion of utilities they were responsible for after the voucher paid.They went round and round not understanding why they paid the difference etc.I can tell you when you look at section 8 it is great as long as you pay attention to the voucher.If you want to rent for 800 and the voucher is for 500 then don't do it.They simply will not make up the difference.If it's only 50 bucks they have to come up with then they can usually pull it off.Section 8 inspectors are real picky on all the things they want fixed before you pass inspection.If a tenant wears down a property heavily each year and you have to put a ton of money in to pass inspection each time that is a consideration.Don't be quick to evict the other regular tenant.You have to treat them like a person with a mortgage falling on hard times.

I seriously doubt any lawyer would even bother trying to get you involved, but if that were to happen, go find a decent real estate attorney to help you out.Also, if you listed on the MLS, I assume you have an agency relationship with a broker, regardless of whether that agent is heavily involved in the transaction or not (unless you have some MLS or state rules that allow you to list without a broker, in which case, ignore this point).

The area I live in was pretty heavily hit by Hurricane Sandy.

I would not want to be heavily invested at stocks near retirement or when I wanted that money soon.

Many states and even counties are backed up heavily and it can take 2 to 3 months to get them out.

Excellent cash flow above expenses that would push me over my goal for annual income from "passive" investments so it is a big deal I want to do and willing to invest in heavily, but also want to have the best strategy and know who to go look for about financing it.Assuming a std 25% down requirement, I can afford it, but would be maxing out our investment capital (thus no new projects for a while or not with cash anyway, I do an occasional rehab flip here and there).

Excellent cash flow above expenses that would push me over my goal for annual income from "passive" investments so it is a big deal I want to do and willing to invest in heavily. but also want to have the best strategy and know who to go look for about financing it.Assuming a std 25% down requirement, I can afford it, but would be maxing out our investment capital (thus no new projects for a while or not with cash anyway, I do an occasional rehab flip here and there).

Even if you could buy this place with 100% financing from the owner (no bank will do this, the owner is the only hope), you need cash to fix it up and then you need cash reserves to cover the hiccups that come with rentals.Also realize that rentals don't spin off very much cash, especially if they're heavily leveraged.

Loans with no or early stage foreclosure processes will be more heavily discounted than those loans which are more seasoned and closer to auction.

I've been doing all this heavily less than a year and have grown my audience in what I would consider a healthy manner.