I'm not sure I would get to cute trying to squeeze every time out of it now with a lease that might cause you issues in the future, but the scenario you describe is common and probably smart. 

All sec8 rentals are subject to review and approval by the housing authority issuing the vouched.  

The PM is slacking and poorly addressing tenant issues. 

And not being able to issue the deposit refund via Avail was the final straw for me.

The reason why, you're likely going to have issues with raising rents on your newly acquired tenants.

Since the trust is a disregarded entity, the benefit is bypassing  probate, not tax issues or liability concerns. 

As long as I have a good lending option such as a low interest LOC, it will still cashflow nicely until rates get better on other loan options.Being the overly analytical type, I just keep looking for what else could go wrong after addressing all the obvious ones that pertain to any deal.

By creating a process, you can prevent these issues from taking place and save yourself a lot of time, trouble, and money.

On paper numbers and in reality numbers are completely different. this is because with riskier investments you have higher chances for evictions, maintenance issues, management calls, non payments of rent, damage to property etc.

However, shortly thereafter, we began to experience delays in draws, mislabeling issues, postponed closings, and unreceived funds.