We should have a great group there discussing how to obtain Real Estate Professional Status by an accountant! 

At least, find out who the company is and have them send over the bids to you so the company can't mark up.I also want control of the bank account, in my name.Gino

That would be around $90,000 sitting in a savings account!

So I made a compromise with myself, instead of putting that $100 directly to my principle, I'm opening a brokerage account that will have $100 deposited into it automatically every month and invested in index funds using dollar cost averaging method.

But if I account for sunk closing costs I would actually only net 16K. 

I love it for the guaranteed rent, tenant stability, additional accountability with the housing authority and large demand for Section 8 housing without enough supply.With strong screening, I'm able to find great tenants and Im not owed any rent.Cons you will often hear is that the tenants are harder on your properties (doesnt have to be the case in my experience if you screen really well), the Housing Authority is a pain to deal with (this depends on a couple things - how well run your local PHA is and how good you are at handling process & details) and the extra inspections/red tape make the niche unprofitable (see what I said above about Housing Authorities).Done right, I believe Section 8 is one of the most stable & profitable. 

Being an accountant I had to “know” the market.  

Is there a need for accounting and limited property and CAM management on commerical properties?  

I see a lot of transactions here in my market firsthand.

We typically take out cash flow 1X per year close to the end of the year based on what is left in the operating account and our thoughts on proposed work to the property the following year.