This site is honestly the best resource out there for learning about real estate investing, bar none.

Having $12K gross coming in from other tenants could be enough to cover a decent amount of your housing expenses and have your tenants pay off the majority of your PITI; therefore helping pay down your principal which builds your equity.Something walkable to restaurants/bars and close to all of what the Bay Area has to offer will be your best chance of attracting strong tenants with stable incomes and rental history.

Lastly, the tenant is barred from paying more than the HUD maximum so that the landlord that accepts Section 8 can not charge more.

I drafted a far-bar with an addendum stating that the closing date is set to 2 months after the property is vacated and that the inspection period is 15 days from that day as well.What else should I add to secure the deal w/o shooting myself in the foot?...

Those alerts can also be seen if you mouse over the "Inbox" on the upper right menu bar and scroll down.

Those alerts can also be seen if you mouse over the "Inbox" on the upper right menu bar and scroll down.

Using the search bar will get you very far.  

You are free to order food or beverages in the meeting since they are held at function rooms of restaurants/bars. 

You could pay them a consulting fee like restaurants and bars do when they set up a new location.

Couple questions.1) A couple lived there and the husband is likely going to behind bars for a long time.