If you want to pursue "not complying for section 8" I would call the housing authority to ask your question or contact an attorney.Your best bet is to acquire the property and run out the leases. 

For example, an asset, real or personal, held in a qualifying retirement plan, is exempt from creditor attachment as long as all aspects of the retirement plan comply with Federal regulations and a absence fraud.

When I did it (2011), we had to check a box on our respective 1040's that we engaged in a related party 1031 and agreed to comply with certain minor holding period rules, but nothing really of any significance.

We get an email from the utility company once this is set up, but you may have to call or have them bring a receipt showing the service change-over date.Bottom line: You must RE-VERIFY their income and land lord history 1-2 days before you sign the lease.If they fail to comply with ANY of the above provisions for ANY reason, the fee is kept as liquidated damages and no refund.

Many areas will have special regulations around unrelated adults living together (aka student housing) so you should research your local regs to see what you need to comply with from a code standpoint.Also yes, make sure you understand federal fair housing laws and don't break any of those in your advertising or leasing.

Forward the PSA to the management company and if necessary have your attorney write them a strong letter outlining what they should have done, what needs to be done and the ramifications if they do not comply. 

There are limited ways to comply.  

If he signed the personal guaranty then that possibly gives him complete exposure because the fine print clearly states that it will become a "personal guaranty" in the event of the LLC. failing to comply with terms.

Lots of BRRRR people have a hard time with that because they want to stabilize the property and get away from the hard money guy.If you want to refinance it <6 months, go with a portfolio loan that's a little more expensive, but doesn't make you comply with conventional guidelines.You can get a 30 year fixed on  a portfolio loan and if the property's numbers are right (meaning you bought it at the correct price point, rehabbed it using some sense, didn't run into costly repairs like crumbling foundation, have the property rented at a market rate that sustains the property at at least a 1.2 DSCR and have decent comps) you should be able to refinance it at 70% loan to value using the new appraised value.Stephanie

No amount of psychology on your end will make him comply or understand.