We had a unit turn over and would like to fill vacancy with a Section 8 tenant.

Make sure you only add them to the liability section not the property damage section. 

It's not all rainbows & unicorns, but the city has turned the corner on recovery and those that get in now, in the right areas, should ride a solid recovery wave to wealth.Now that we've covered that, read our standard copy & paste advice about rental investing below:)Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

After entering all of the correct information as a rental on Schedule E, you'll need to go to the "Forms" in the upper right-hand corner.

Gives you a great idea about people and what you're going to be dealing with.For some of my section 8 renters in my town, instead of sending back the packet to them, i'll drop it off in person.

We actually have a great way for you to find a trusted one with our Tax Pro Finder Tool, under the Build Your Team Section. 

Per code, as-of-right, a building with a CMX-1 zone designation is permitted a maximum of two or three dwelling units (dependent on lot size) plus any applicable housing density bonus pursuant to section 14-702(7).

Section 8 is another avenue you could explore. 

I replied, "I just bought the one caddy corner to you for $95k, it is a four bedroom, yours has three what is fair to you knowing you won't have to pay any Realtor fees, clean anything, fix anything?"

If you analyze any of the common strategies like BRRR, or sell and buy larger etc they have compounding as the corner stone.