(We're aware of the five year look back period for Medicaid eligibilty but it's not a big factor in our decision to do this.)We would get the house appraised so we can document paying FMV.House would be purchased with cash (it's a small home in a rural area and value is low)Inlaws would sign a lease so that it becomes a legitimate rental and we can deduct expenses, etc.

Thank you thoughCompetitive might have been a poor choice of words at my end.

This analysis will actually help you determine how much cash you need for your first deal which will guide your decision for a well paying facilities job.  

If you send snail mail, be sure to send certified so you have proof it arrived in human hands.Personally, it's baffling how so many people have poor communication skills when we have so many opportunities to communicate in today's world. 

It sounds like you're doing a good job of educating yourself which is great, but you can educate yourself as much as you want, however without a direction or destination in mind you'll never have enough information to make a decision. 

And you need to weigh those pros and cons to make sure Section 8 investing is the right decision for you personally.

Unsure what we're supposed to discuss, but this would've been helpful earlier on.Overall this has been a poor experience given the cost.

My investors are friends of mine however and will not be very active as i have informed them that i (as the general partner) will be making all the decisions. 

Massive waste of time and money, my worst decision in my 5 years of real estate investing :). 

Now people are justifying poor decisions on how important equity is, even though they are losing money.