I can live happily with just a bed, food, and my laptop! 

The time depends on lease length and how long they've been living there.I would also recommend reaching out to their caseworker (if they have one) to let them know the lease will not be renewed.Section 8 voucher holders are incentivized to vacate quickly in order to keep their voucher and avoid having to pay full-market rent out of pocket elsewhere.Hope this helps!

Hey Olu,As a long term holder in the DMV area, I would lean towards cashing out to a % of comfortable cashflow and moving on to expanding your portfolio.

Housing is a very important bill for many families to pay, but it still comes behind food.  

A thought that maybe someone can clarify for me...When this house sells, which will for a huge loss, but then the ENO insurance comes through for a payout, does the check come to me or does it go to the lien holder at the time of the fire??  

The account holder name has to line up with all the other documentation.

The seller/existing note holder is flipping out at my servicer saying I cannot do this, they were told by the person that bought it that once the loan was reinstated it would start reporting positive again on credit and they cannot foreclose (oops a sub2 person should have been honest with the seller).It sounds like the person who bought it sub2 does not have the $ to refinance it.

Such a scenario doesn't just bring values down by 30% but also places substantial pressure on property holders, especially when debt refinancing looms on the horizon, compelling action at these reduced market values.Here is the double whammy that increases the cash in refinance needed, the capital markets (bank lending) terrain has tightened greatly.

Just food for thought from a friend who owns a larger development company...

You will get double taxed using an LLC, unless your partner is a majority holder (ie.51%) then there may be a possibility of avoiding this.