Within the last 8 weeks I have completely stepped outside of my comfort zone... asking for and negotiating seller financing, bidding at forclosure/tax auction, working on inheriting a section 8 tenant which means dealing with the housing authority, etc. and the worst that can come of any of it is that I learn something.If you don't change anything... than nothing changes!!!

There was also a podcast on the same topic by the author @David Greene you might want to listen to that as well.

Mortgage loans are given to the property owner, as the property itself is held as collateral.If your LLC appoints a member the authority to make offers, the individual may make and sign the offer, however on behalf of the LLC (like would happen with an estate).If you purchase under one name and transfer later, you create a bunch of paperwork and tax headaches, including possibly being taxed for the transfer, as this is generally considered a sale.Rights are granted to the entity that purchases the property.I'm not a lawyer and have not been doing this very long, so don't take my word and dig in for yourself.

By not contacting their client in advance of offering a new lease to a tenant they overstepped their authority, they shafted their client.

When you look up info on the Housing Authority Website, where it says "Fair Market Rent" Does NOT mean that's what Section 8 will pay.

Things like covering a wall with drywall if there's flaking lead paint is something a low or moderate risk authorized owner could do. 

If you choose a strategy and execute correctly you can become the authority in your market. 

You can read a lot but the nuts and bolts that will shape your working days come down to state and local statutes, how working with the local government (Housing Authority, building inspectors, etc) is done, and then all of the fun that comes with leasing and managing tenants.

Wherever thetext of this document so requires, the singular includes the plural.Dated: ______________________________________________________ _________________________________________A notary public or other officer completing this certificateverifies only the identity of the individual who signed thedocument to which this certificate is attached, and not thetruthfulness, accuracy, or validity of that document.STATE OF )SSCOUNTY OF )On before me, , Notary Public, personally appearedwho proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the withininstrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that byhis/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed theinstrument.I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct.WITNESS my hand and official seal.SignatureThis area for official notarial seal.A notary public or other officer completing this certificateverifies only the identity of the individual who signed thedocument to which this certificate is attached, and not thetruthfulness, accuracy, or validity of that document.STATE OF )SSCOUNTY OF )On before me, , Notary Public, personally appearedwho proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the withininstrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that byhis/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed theinstrument.I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct.WITNESS my hand and official seal.SignatureThis area for official notarial

@Matthew Grant    You  can ask for an approval from the housing authority, also ask for a tenant estoppel, do your own inspections,  check the lease agreement,  find out about the deposit, how much the section 8 pays and how much the tenant pays,   you need to keep in mind that after you close the deal,  if there is an issue, that issue will be yours