I haven't seen anyone actually register their property with the Base Housing authority to rent it out.

Now you're seen as an authority or expert on the topic, and that helps build more traffic, and your presence grows more.

Authorities; Penalties.

2) Is their credit feature that allows tenants to build up their credit history by reporting their payments to credit authorities?

We get a free inspection every year or every other year from the Housing Authority and when the Section 8 tenant ever loses their job (because contrary to popular thought, MOST tenants with a Section 8 Voucher have a job) the Housing Authority actually covers the entire rent until they get another job.

Set a limit on how much they can spend for repairs before it requires a call / authorization from you.

If that's the case in your municipality, you can have the tenant pay, but remember that if they don't pay the bill, YOU will be on the hook.In Scranton, the city in its infinite wisdom sold the only performing asset, the Scranton Sewer Authority, to PAWC. 

The way to avoid a security raise is to only have active members in the LLC, i.e. decision making authority and votes.

I do not have contractual authority to make that call.If no contract existed between me and the homeowner, no contract existed between me and the guest, and trip interruption insurance was unavailable to purchase, then yes, I would then have to play Robin Hood.Thankfully, contracts ARE in place with the parties and trip insurance IS available, so there’s really no dilemma here.

. ~ I'll be speak with local Section 8 authority and review finances with banks or hard money lenders before I dive in.