@Simon Stahl Not to go against the grain of the other posters, but figuring out how the process works from offer to closing can be nuanced depending on each transaction, but with the right council it does not have to be a mystifying process.

Ultimately, her legal council said we would owe the money.  

id=HUDContingencyPlan2013.pdf From a National Council of State Housing Agencies press release, During the briefing, HUD officials confirmed that Section 8 Housing Assistance Payments (HAP), contract renewals, and administrative fees for October 2013 will be paid on time, due to advanced appropriations allocated for this purpose.

I am meeting with Council this week to find a workable middle ground.

Maybe they know someone in City Council and know that area's about to boom, maybe they're terrible at running numbers themselves and don't know they're going to lose money or they don't care....there are just WAY too many possibilities.The bottom line is that it ONLY matters if the numbers work for you.

In the meantime, one of my neighbors is on the City council & got wind of it.

As a family investor in Oakland, at the present moment the Mayor and Council are considering tightening rent control considerably, including forcing owner-occupied units to be subject to rent control.

IMHO, if you are just now getting a license, I'd definitely seek guidance and council by using another experienced agent, who also invests in RE themselves.Good luck.

California Apartment Association, California Council for Affordable Housing, American Veterans, Women Veterans Alliance, etc) are all coming together to help defeat it.Most the major newspaper publications throughout the state are against it:Santa Rosa Press Democrat joins growing number of papers opposed to Prop 21Orange County Register: Proposition 21 will make the housing crisis worse.

Roughly 25%, according to Jason Furman (former chair Council of Economic Advisors, you can read his analysis in a twitter thread here).