The information contained in this post is not to be relied upon.

To help expedite the rental unit approval/inspection, you can also talk with your local housing provider that runs the Sec 8 program what basic items they look for and make sure you have those covered. 

My wheelehouse is long term management of investment properties, but I do have a good relationship with a loca Chattanooga broker who helps investors in the area.

The mortgage is $1400 and the house is worth $250k.I did tell him if it is okay for him,I could take up the mortgage and he says he would get back to me as he also as a brother and uncles to talk with.The house is close to my work place as well.Please, does anyone has a thought on this?

What made you interested in investing in this type of deal?

I am helping other investors as a realtor now, so if you are ever interested in listing it or just want some comps, let me know. 

When we invested this was a suburb to an IT hub that employed close to 20,000 people.

The city has explained that since this is a "no-consideration" transfer, it's not subject to transfer tax.

“This is a victory for common sense,” said U.S.

Purchase price: $20,000,000 Cash invested: $13,000,000 Sale price: $20,000,000 This property is not for sale - per-se What made you interested in investing in this type of deal?