Make sure the policy covers not only accidents on the premises but also any potential caregiver liability.Staffing: Staffing can be both your biggest challenge and your greatest asset.

To be good at Section 8, you have to understand what you are getting into, how the system works, the variability of tenancy, and you need to be on it all the time.I think people keep asking about this because the government pays you.

In particular, Port Orange is rapidly improving with local government investment in the infrastructure.

This is the new FinCEN rule where you do have to report beneficial owners or those who have substantial control to the government watchdogs.

Real estate contracts in Texas are produced by the Texas Real Estate Commission, ie, the government.

Having a SOLID umbrella insurance policy is really what is necessary.

We do have an umbrella policy in place for all of our properties but want additional protection.

Imagine making millions of dollars throughout your career and then having to pay Uncle Sam 30-50% every year instead of compounding that cash over time.This is exactly what real estate professionals have learned to mitigate.To reduce their taxable income, they buy a building every year, do a cost seg, and use depreciation to reduce their tax liability dramatically.Their personal wealth snowball grows much larger and much faster than their W2 counterparts who give most of their money back to the government each year.Following this strategy as a real estate professional is one of the best ways to end up with a much larger net worth at the end of your career.

I would be careful of the folks on here that strictly invest in section 8 as there are a lot of pitfalls when working with government entities and low income tenants.

Unless you do a 1031 exchange you’ll owe about 15% of the gain and 25% of the depreciation to the federal government.