It's a great way to get into a property without needing to pay a large down payment. 

Math can sometimes be fuzzy for me but when you pay yourself $7 million and send back $1 million, you're not contributing.

@Naresh Yegireddi- This is above my pay grade but I was reading an article in the Wall Street Journal today about how the highest-earning 10% of Americans account for more than 50% of consumer spending. 

Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in an area like San Diego where people are more likely to sue, a judge is more likely to find you guilty, and the payout is expected to be higher, you may consider an umbrella insurance policy.

I think think of the reasons to evict a tenant in 2 categories, failure to pay, and other kinds of lease violations.

Montgomery Metropolitan Housing has a reputation of being difficult to work with and are slow to pay at times r so I have heard.One thing to keep in mind is that even with section 8, you still get to set your criteria that tenants need to qualify for your unit. 

Have them pay a week or two before they arrive when they are past your cancellation period.

that money is not the same as cash... you're paying interest on it.but let me know if i am missing something.

People pay a lot of money for advertising, so here is your chance to gain valuable "real estate" for free (or for the cost of a sign).

If so, they can sell within 2 years and not pay capital gains taxes on the sell of the home.They could take that money and buy multiple rental homes in other areas if they wanted, or use the money to downsize in to a different home while still having money left over.