Trying to find out if anyone knows of an inspection that needs to take place by the Housing Authority, in the city of Portsmouth Virginia even if you do not plan to rent to Section 8? 

On today’s show, we interview Chad Carson, author of the new BiggerPockets Publishing book Retire Early With Real Estate.Today Chad shares how he and his partner were able to accumulate 90 units and live purely off the money generated by their portfolio!

Also consider @Amanda Han, she is nationally known CPA, author and speaker, her articles here on BiggerPockets are valuable resources for thousands of investors. 

Federal rules state a payoff demand must be supplied within 7 days of legitimate request (unless state rule is more restrictive) so, again, chances are slim to none that you can put a deal together that quickly and even if you could, would have to be an all cash deal with authorized parties (Daughter as documented legitimate successor in interest).

I am pursuing a degree in accounting because I believe it teaches one of the core principles of financial literacy and success such as accounting (management of money) as stated by Robert Kiyosaki (author of rich dad poor dad), Sales (management of people) be taught through experience as a RE agent and  management of businesses is taught through the college or RE agent experience. 

Be aware, too, that the first mortgage holder is unlikely to give you any information about the loan without an authorization form signed (and maybe notarized) by the borrower.

Hi Jordan, I'm no authority, but we do own a couple of MH's and by the description you give, the pipe may very well be a vent stack and rain water emptying should go to sewer or septic.

I suppose every local housing office that administers Section 8 vouchers is different, but I have personal experience with the Lynn Housing Authority office (nicknamed "LHAND") and have found 2 people there who are difficult to deal with, and 2 people there who are angels to work with. 

Although I agree vacancy control would be very negative for landlords, I have to believe the authorities would try and act rationally if they don't want development to come to a screeching halt and turn us current landlords into slum landlords.  

He's the co-author of the bestselling Wealth Can’t Wait and has extensive experience investing in RC properties within LA.