Albeit, a lot harder to get approved for these compared to a regular DSCR loan you can find at a mortgage shop that mostly focuses on 1-4 Units. 

I would have them go through the same steps you would go through for a regular long term tenant.

They back off any closing costs from the sales price to determine taxable basis.5.

I suggest you get the tenant involved in checking in regularly and asking them to move things a long. 

There is no doubt that REI in Section 8 is risky, but the entry point is attractive with leveraged yields well in excess of what you can achieve in regular REI.  

It's putting a lot of faith and trust in a person that you may not know very well, and who you're not in regular contact with as to their life situation.

@Emily Anderson true on the flat 24% tax rate on rental income without the possibility to deduct costs from it.Keep only one thing in mind: rental income is being added to regular taxable income (salary and rental income).So I could deduct costs before ending up with taxable rental income, however for me, it is being added and calculated together with my salary income.That means I'm easily reaching higher tax brackets even after the deductions, while with a flat rate it always stays the same (even if you earn way more rental income).

My mid Term Rentals have regular leases,they are just tailored to the property and term of lease.

Regular inspections for any signs of wear, cracks, or water damage are advisable to maintain the facade's integrity.Parking and Access: The covered parking area is a significant advantage for tenants, but ensures the area is well-lit and secure to prevent any potential safety issues.Interior Features:Layout: The open floor plan with large windows ensures ample natural light, which is appealing to tenants.

Idaho is the most landlord friendly state in the country- the state legislature regularly passes laws to ensure that a property owner can do whatever they want with their property and not have any sort of state or county interference.