Often times inspectors overlooked them as they are very small and minor but as you can probably already tell, they are extremely important and prevent water intrusion.Your best bet would be to contact a very reputable Siding/roofing contractor and have them go through the entire property and put in the proper drippage flashings seals and caulking necessary and have them insure the work. 

If you are buying from a major oil company, their contracts are extremely complex.

Since it's your first investment property, it can be a double edged sword since yes a PM can help you and be an expert voice but but if you don't know what you need or your management style yet, it might also not benefit you.Honestly, I'd try managing on your own for a while, and look up property managers in the area while you're at it.

I'm not an expert, but I'd say no you aren't due your potential profit.

I'm not an expert....

How many would you consider "experts"?

There are a lot of great things that come with renting two Section 8 tenants like an annual guarantee of income once you get a negotiated price on a contract with HUD but this does not negate the fact that there is good and bad to everything and whether that be a cash pay tenant or a Section 8 tenant, it's ALL about the way you do business, and whether or not you have experience to be able to recognize the way that certain things should or should not be handled so that you end up benefiting from the situation instead of losing. let's keep this thread going, if anyone else has any other insights please continue to post this is a great thread because there is a lot of general misconception about Section 8 HUD tenants, properties, and investors, it is certainly a niche market so to speak but if you know what you're doing it can be extremely lucrative.

It was extremely helpful!!

To maximize the number of transactions you’re involved in you will need to:Be Top of Mind when they think about moving - which requires consistent reminders.Be seen as an Expert – which requires a consistent message and Evidence of Success storiesGain their Trust – which requires communicating integritySo, start out by listing everyone you know in an Excel spreadsheet.

I'm sure some laws have been created that favor property rights, but they are extremely rare.