I assume(d) they think they are good negotiators, or is your thinking common in the industry that negotiating is null and void, what matters is only the money.

FHA limit is 3 homes or less that you broker yourself, or a maximum quadplex if you live in one of the units, and you cannot use any kind of agent nor discriminatory advertising (IE you can't advertise "no disabled people" but you cannot be held liable under the act if you do discriminate this way). 2.

If for any reason, the Prospective Tenant(s) fail to complete all move-in requirements by the above listed date, the Landlord will return the property to public offering and the entire binder sum will be forfeited to the Landlord for expenses including, but not limited to, lost rent, holding costs, advertising costs, and marketing costs.

However it is not typical or common. 

I'm particularly interested in understanding:- Key renovation aspects that meet Section 8 standards- Common pitfalls to avoid in the process- Any specific features or improvements that are highly recommended to facilitate a smooth inspection and tenant satisfactionAny advice or a checklist you wish you had when you started would be super helpful.Thanks a lot! 

On the MLS (whether via an agent or via Realtor/Zillow/Redfin), so that's where you need to be.Scenario 2 - A homebuyer looking for a primary:  This is most common (except maybe in vacation markets). 

I don't advertise units until they are vacant and 90% prepped.

I would disagree with number 2 - in this environment, heavy rate buydowns are a common tool in the toolkit for lenders and borrowers to make deals work and are in no way indicative of "not being well-capitalized"

This is a common issue, but having stricter cost control measures or a contingency buffer in place could help on future projects.

Would love to hear from other pros.For California investors with out-of-state properties, common asset protection strategies include using separate LLCs per property for liability isolation, though this incurs California's $800 franchise fee per LLC and administrative overhead.