I haven't been expanding my business with LMHA since the end of 2016 per my posts above so I don't know exactly what changed, but I expect the outsourcing of inspections to private industry + some executive level leadership + replacement of staff with new faces excited to serve the needs of HUD/Landlords/Those In Need has resulted in an agency I will develop more business with.The HCVP will always be a double edged sword for landlords (See Section 8 Bible discussion) but for now I have discovered it is finally worth the effort to participate in the program.I specialize in Toledo's transition neighborhoods, discounted houses on the edge of nicer areas but also on the edge of trash...the Section 8 program allows me to get long-term tenants who are a good business model provided they are consistently managed and visited/inspected for additional "visitors" (relatives and random dogs/cats) and damage/housekeeping which can destroy a home if left unchecked.You need to know the rules, repair and renovate for long-term durability, prepare for inspections thoroughly and keep a team of contractors who will hold those standards...after 8 years we have been through a hundred inspections.

I don’t discount my units.

Are you getting a discount on this property?

I am a huge fan of DIY cost segs (I have compared with kbkg) feel free to reach out for my friends and family discount code with DIY. 

Essentially, terms were prime +1 interest only for 12 months with only 1 discount point.

My firm has a fix to rent product that discounts the interest on the fix portion, and discounts origination on the DSCR portion. 

Then we see if the current tenant later decides to extend or we list the limited open period, often at a slightly discounted rate. 

If you purchase at a discount, then you'll be capped by your purchase price, not necessarily the as-is value of the property.

Helocs are driven by the Prime Rate which is 3% above the Fed Discount Rate.

This does not discount the fact that these notes have gone bad and then turned into equity..