Generally speaking, with SFR or small multis, I just rely on the lease/rent roll (and some form of proof of payment; i.e. bank statements, deposit receipts, tax returns, etc.). 

In many markets section 8 is higher than market rate. and investors need that extra return to mitigate the risk of sec 8 tenants generally speaking.

I recommend searching "arbitrage" here and reading any/all of the hundreds of general threads about negative elements of arbitrage.

I was speaking with a man who has a long history in lending and working for a bank, and he was poking some holes in an investment strategy I was formulating.

Owner occ developments there is no value associated to the income approach so these props generally speaking will appreciate a lot more as the neighborhoods are much more desirable. builders the last thing they want to do is sell to investors if they are creating owner occupied communities.. rentals degrade the neighborhood and they will be sabotaging their own values to allow a bunch of investors to buy and rent out in their communities.So when you buy new builds keep in mind if its a build to rent community they will NOT appreciate like owner occupied neighborhoods.. might be best to find something already 3 to 5 years old where the stigma of renters dies down.. that would be best to protect your investment.

The service call on a used appliance would negate any money saved. 

It was written for my colleague who speaks tax language. 

I am scheduled to speak with an HML this afternoon and really looking forward to it. 

Just saying there are people on BP who can vouge for you as Melanie is typically very negative towards anyone in the syndication / raising money space. 

I can't speak to the fund or firm itself, but I found Javier to be an upstanding guy.