The way I read what they have if you do so strictly is that it doesn't address duplexes AT ALL.

That's why I like FIBI, it's a NO SALES PITCHES allowed meeting, strictly learning & networking.I've come across another site that has a great deal of information about lease options (free)... www.WendyPatton.com.

I would look for a commercial brokerage who had a strict focus only on large apartment buildings.

Secondly, are you hoping for any appreciation or is this strictly CF game for you.

Otherwise watch out, you might actually have to put down 25% if it's strictly an investment.

Like Joel said Section 8 is strict obedience of law so your propertie shold not be a mess but maybe the inspection of your propertie was only in September 2012.

I think when you take over, and begin being more strict, you may loose some tenants.

I do understand that they don't want to pass out a lease they basically paid for that could end up being used in that community, but it also tells me they are pretty locked up in thier thinking, probably due to thier attorney.I'd say reviewing the lease prior to hiring them would be more than reasonable and you should be able to add any addendum you like, so long as it doesn't violate local law or custom and it doesn't make thier job leasing more difficult.It also tells me that in the event any issue pops up, this PM may lack experience in dealing from a managerial standpoint attempting to follow strict guidelines, doesn't sound like they might be ver flexible, even if common sence should prevail.Could be too you need to do some more stroking, making the PM more comfortable with your requirements.PMs need to understand they represent you, you drive the bus and they oversee your directions.

CIVIL CODE SECTION 1695-1695.17 is very strict and must be follow to the T.

It allows so many more options and at the end of the day it holds me to strict criteria.