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I recently closed on the purchase of 12 acres with the help of a family loan, and the farm service agency ( 1.5% for 20 years).

I haven't been expanding my business with LMHA since the end of 2016 per my posts above so I don't know exactly what changed, but I expect the outsourcing of inspections to private industry + some executive level leadership + replacement of staff with new faces excited to serve the needs of HUD/Landlords/Those In Need has resulted in an agency I will develop more business with.The HCVP will always be a double edged sword for landlords (See Section 8 Bible discussion) but for now I have discovered it is finally worth the effort to participate in the program.I specialize in Toledo's transition neighborhoods, discounted houses on the edge of nicer areas but also on the edge of trash...the Section 8 program allows me to get long-term tenants who are a good business model provided they are consistently managed and visited/inspected for additional "visitors" (relatives and random dogs/cats) and damage/housekeeping which can destroy a home if left unchecked.You need to know the rules, repair and renovate for long-term durability, prepare for inspections thoroughly and keep a team of contractors who will hold those standards...after 8 years we have been through a hundred inspections.

If they fail to pay, then you can consider taking them to small claims court or filing with a collection agency. 

The arguments for FHA versus conventional are fine and all, but one thing to be absolutely clear on is that Fannie/Freddie nor any other agency does NOT lend to entities. 

Having a consultant who has worked with the agencies before is a huge plus.Alongside the developer, creating a defined site plan is needed to determine the improvement & infrastructure cost. 

In particular:(1) Should I hire a law firm or collection agency to facilitate the transaction?

And Americans with plans to go to 11 other Mexican states should “reconsider,” the agency says. 

@Tim Ryan  also I just chuckle thinking of the marketing morris does with we rent great houses to nurses firemen other solid workers.then standing in front of a trier of fact or some agency and buyers show pictures like Tyler just posted and others.. 

I'm working on building relationships directly with placement agencies to become their local go to source of housing.