In 2022, rising rental rates have forced HUD to significantly increase maximum rents as too many S8 voucher holders can’t find rental homes at previous rates.PositivesRent comes directly to landlord, every month!

I’m on an H1B visa, so I can’t do any active work myself, which means I'll need to delegate (I understand this will affect margins, but I’m okay with that). 

Property is not worth $1M and was over inflated to appear note holder has 20% equity.To answer question this is seller financing but this end result rarely if ever happensSeller would be better selling it for $800k+ cash and end up in better place

no I have not purchased the home yet -but I’m educated and working with a realtor who understands the process.1st- you have to be a recipient of a section 8 housing choice voucher /in the program and in good standing2nd you need to be in the rental unit and in the program for a year minimum3rd you must to be in a “participating housing authority” or PHA  because not all Housing Authority’s participate in this rent voucher -to -home mortgage voucher program4th it may ( or may not) require recipient  enrolling in an additional sub program called families for Self Sufficiency ( FSS) which has a class that teaches voucher holders how to use the voucher for a mortgage payment5th I’m working with a realtor who understands the process - has used it for dozens if not hundreds of clients. it’s going to be VERY hard for anyone unfamiliar with government processes  to get through it successfully. note I’m also utilizing  first time savings plans IDA‘s and local first time homebuyer grants and a USDA 502 direct low income Rural loan. and my own funds.All aid mentioned can be “stacked” to lower mortgage & create long term affordability.  

I have an attorney in Illinois (Sottile and Barile) who we use that might be able to provide some assistance on this as it could get complex in regards to the situation - especially if any of the current deed holders have children involved.

Here's the blue print:The deed holder should be a Wyoming LLC because you will become invisible to your tenants & aggressive creditors & attorneys.

If it happened after I disqualify.3) Unlike current HUD law which disallows us to use felony status as a screening tool, SEC 8 removes any recipient holder over the age of 18 who gets a felony.

Supposedly the second lien holder is a credit card debt collector, they were listed as the defendant in the foreclosure case.

In fact it may actually complicate litigation in the event a claim were to arise while adding additional insurance expenses to your real estate operation.To explain why this is the case I’m going to ask one very simple question: In the event a tenant dispute, premises liability, or any other claim were to arise, what prevents the Plaintiff’s attorney from merely listing your wife who it seems is the property deed holder in your fact pattern as a Defendant?

To my surprise, I can count on two hands how many times a seller/agent has actually called/emailed me to verify the POF.Often, one can obtain a letter from their bank stating the account holder's name, the date, current balance, etc... and that should be more than enough to meet anyone's requests.