The things that get me are: Liberal politics in the city - this may be a benefit though, since they probably allocate a lot for affordable shelter and the Sec 8 is all but guaranteed. 

There is only 1 guarantee when you buy a property - you are about to spend a pile of money.

Since the distributions are from a preferred return they are not guaranteed payments. 

NO, I want the "guaranteed it won't be more than.." number. 

So yes, I guarantee we will see people selling as-is and walking away. 

This can be a very long and annoying process and you're not guaranteed to get approved.

Buyer also have the appraisal contingency.6) Roofstock Provides a 30 day money back guarantee and 12 month rent guarantee for properties purchase through our marketplace.

One said the 2nd mortgage has to be assumable and the other said it did not.VA issued Circular #26­24­17 back in August to try and clear up the issue:Assumability: If the secondary borrowing is not assumable, the holder of the VA guaranteed loan should counsel the assumer that this may restrict their ability to sell the property to another creditworthy assumer through an assumption in the future.The lender currently servicing the loan still can decide whether or not they'll allow the 2nd.You could do seller financing for the gap and then refinance just that amount with a Home Equity Loan or Line of Credit at some point down the road. 

Do this enough I guarantee you will get great info, insight, and just maybe an old timer ready to retire out who's open to seeing what they can do to make a deal work.

When your LLC takes a loan, expect as members to personally guarantee the debt.