Agree with Mitch that if you are going to act, would definitely recommend getting in and getting going so you can claim grandfather status when regulations go into effect. 

This way they can't claim ignorance.I would also require a move out inspection and make it the day after they are supposed to be moved out. 

Depreciation is another powerful tool, allowing you to deduct a portion of your property’s value annually.Action Step: Keep detailed records of all expenses and consult a tax professional to ensure you’re claiming every deduction you’re entitled to.3.

If I find out where they live next, I'll send them my contractor's bill and a small claims court paperwork.

The info he claims to have is easy to find on the net or in a book but why deal with Section 8 housing problems when there are so many other investments that are nearly hands-free? 

Any property that has a claim will be tough to get through escrow.  

An attorney is not needed provided your not making a claim of fraud or misconduct/damages are being sought. 

Second, what priority does your lender's claim to rents have? 

You can put as little as 3-5% down and still legitimately claim the property as a primary residence which gets you better terms. 

Good Morning,I am a former Claims Specialist with the Social Security Administration and currently unemployed homeowner who is looking for guidance on how to gain property management experience here in the Central Coast of California.My wife is the only one working at the moment, so times are tough to say the least.We're looking to rent out a portion of our home in order to save up enough money to purchase our second home (or multi-family unit), rent that out, and begin to expand our portfolio.