We still adhere to the state laws around deadlines to return security deposits and what we have to do to close out a deposit, but if it got messy it could get messy.We have also been told by our sister company in Denver that this does not work with anyone receiveing a housing voucher/subsidy, which we have also been unable to confirm in our local market including directly with our local housing authority.

They ultimately walked away because this fund requires "a seat at the table" with key decision authority on when the asset can be sold or refi'd.  

I'd consider myself in line with an "Accredited investors" since I work in the regulatory finance industry, and have worked at a security regulatory authority empowered by the SEC.  

In my experience its best to call the local authorities and verify in a call then on paper/email that it is in fact a triplex. 

Stanley (Author), William D.

I want them to know that I am accountable for my properties -- and that I am the final authority regarding my properties .

PM is able to file an eviction on owners behalf in FL, as long as it is for non-payment and uncontested, and the owner give authorization.

(Agreement with your client that grants you the authority to collect on this alleged debt.)

Definitely reach out to the local housing authority &/or their case manager and advise them of the problem.

Most “Gurus”, authors, advisors and experienced real estate investors preach obtaining seller “carry back” financing for property buyers in order to (1) obtain financing when they don’t qualify for a 3rd party loan (2) obtain financing when the property doesn’t qualify for financing and or (3) extend the “buying power” of their capital contribution (down payment) to purchase a larger more expensive property by having the seller provide a subordinated mortgage loan.That’s all and good, but why should the seller agree to finance the purchase of his property, instead of getting CASH for his equity?