My long term tenant (a family friend) is moving out and I am concerned how to make sure I pre-screen future tenants effectively without violating any laws. background: this property used to be my primary home and had a very informal agreement with a family friend to rent from me in the mean time.

I was thinking of putting my property into the section 8 program to get around the new lead law, at least until my current tenant leaves.

If anyone has good recommendations on how to start learning how to analyze deals to see if they would be worth it please leave a comment down below.

We are with you every step of the way……..until your check clearsplease do a thorough vetting of any investment you make, at least if it is a size where a loss will cause you concern.   

I spent over a decade in multi-phasic residential development before leaving the "W2 league" of things.

Too many people get tied to their real estate, but all assets are tradeable especially when they won't cash flow when you leave them.

Do you have people ready to repair and clean the place lined up as soon as the last tenant leaves?

If our main goal together is to acquire as many properties as possible as fast as possible - it feels like this leaves us with a smaller tax return, thus less capital to use to reinvest into new properties. 

"Buyers" like that will only frustrate you and leave you working for nothing. 

Personally, I wouldn't do any flip for less than $30k net of sale because STCG tax for me would end up leaving me with about $20k or so of actual profit.