If youre saying condos are trading at $220 a square foot....Id be planning on a value of $110 per square foot on a co-op.

It's not a normal residential lease. 

Instead of asking "If they are clean", it is more like "How do they handle messes, or what is the normal state of their room?

Diversification is also good in case the stock or RE market goes down.That's the 30,000 foot view, but if we can answer any more questions, just ask. 

@Pearse CafieroWhen starting out with your first rental property in Los Angeles, I’d recommend exploring FHA loans or private lending options to get your foot in the door.

LTV is normally expressed as a percentage and that percentage is of the ARV.

Listing on the Open Market normally gets you a higher price.- Get pre-qualified with a credit union/traditional lender while your home is for sale citing the money you'll get from the sale of your current home as a down payment- Complete the sale your home and purchase of your aunts home in the same day.

These are people who normally buy homes but temporarily rent while resolving whatever life circumstances made renting a better option.

Immediately after one complaint our staff runs over there and they did not hear anything but normal family sounds.  

Some general pros v cons - I'm sure other people will provide other insights as wellPros: -Above market rents- Monthly rent payment on time that you don't have to worry about or chase anyone down for (if full pay)- No shortage of tenants depending on your standards - Tenants are incentivized to not trash/destroy the unit, otherwise they'll lose their voucher (Yearly inspections made by local S8 inspectors to keep everyone honest- Rental payouts are normally adjusted 1-2 times a year to keep up with market rentsCons:- May take a little while to get onboarded - dealing with local govt can always take longer than expected   - Generally won't have a super high credit score (to be expected given it's the govt paying for rent)- Each unit will need to be inspected and meet a certain living standard in order to be approved for fundingYou'll want to make sure you work with a property manager who has extensive experience in working with S8.