Where was the family when this allegedly went down with the investor?

@John Leavelle, @Cameron Tope, thanks for your answers,I am actually using actual numbers: - insurance from my current rental house (not an investment at the time, just rented it when I moved to my current house) - rent is in par with the market (based on my research) for the size and location of the house - HOA and taxes are actual numbers - Cap ex/Maintenance (10%) is a guess as I don't have 20 years of experience but looking at my current expenses on the rental, it seems about right - Vacancy (10%) is a guess.

Which is why you are supposed to keep documentation of people you accept and reject to combat fair housing violation allegations. 

Thank you again @Ned Carey and @Cameron Palmer.Also I have looked up the recent transaction and it is correct.

The survival of one of the nation's largest non-bank mortgage servicing companies was thrown into question Thursday as the company was hit with federal and state lawsuits for allegedly failing borrowers with mistakes, shortcuts and other problems that cost some people their homes.Ocwen Financial Corporation allegedly botched basic functions such as sending accurate monthly mortgage statements, properly crediting borrowers' payments and handling taxes and insurance, according to a lawsuit filed in a Florida federal court by the Consumer Financial Protection Bureau.The CFPB also accused the company, based in West Palm Beach of improperly foreclosing on struggling borrowers, ignoring complaints and selling servicing rights to mortgage loans without fully disclosing mistakes the company and its subsidiaries made in borrowers' records.Read full article here...

Hi @Ryan Cameron - my buddy showed me a couple places he is working on - one in Kensingnton area and one near the zoo. 

What Cameron is basically saying is make use of the resources you have right here on BP.  

Here's an article about a case I read about regarding Section 8 not having to be accepted:http://realtytimes.com/todaysheadlines1/item/2224-...Specifically, here are the most pertinent paragraphs relating to Section 8 not being income:The allegation that the Fair Employment and Housing Act was violated centered on the prohibition against housing discrimination on the basis of "race, color, religion, sex, sexual orientation, marital status, national origin, ancestry, familial status, source of income, or disability of that person."

Hello Cameron Feldhaus We are neighbors.

Can't imagine how he can explain this away.Instead of having your wife call the alleged owner pretending to be a renter, have someone call from another city so caller ID doesn't throw anything off.