Most peoples biggest "out" is if they are unable to get approved for the loan than they may be able to backout without penalty depending on the loan period written in the contract.Like everyone else said, it will really depend on the contract wording.

Quote from @Michael Chalke: Unfortunately, Section 8 increases must be approved by HUD.

By using the proper insurance and the right legal entity you can eliminate or minimize any threat by lawsuit to seize equity in a property.

A lot of people try to manage property without a license, but since these folks defeated the first eviction they may have legal assistance.

@Jefferson BlackJust make sure you have the proper COs, and it is in fact a legal Triplex.What is your exit strategy on this deal?

Agents are not legally able to do inspections. 

Transferring ownership to the new LLC is possible but may have tax or legal implications.Let me know if you need further assistance with financing!

I have done everything within legal bounds correctly and have all the evidence to defend the deductions. 

Since the Internal Revenue Service (IRS) doesn’t consider child support taxable income, I would not consider it in the rent calculation unless you have a HUD-specific home.According to hud.gov, “[rental property] owners must count alimony or child support amounts awarded by the court unless the applicant certifies that payments are not being made and that he or she has taken all reasonable legal actions to collect amounts due, including filing with the appropriate courts or agencies responsible for enforcing payment.”So, does child support count as income for renting?

Does this mean that a landlord can theoretically evict all tenants of a multifamily property if he has plans/permits approved to "substantially remodel" the building?