The best thing to do is to contact your local housing authority (or whichever agency administers the Section 8 program in your area) and find out how they work.

Whichever has the biggest yield and is the smartest decision for the two of you.

Make sure you're both comfortable with whichever route you take though, big decisions like this can potentially split a marriage if the property ends up being a poor one.

They have the regular 3 years after the auction, plus a special lienholder redemption period, whichever is longer. 

Whichever turns out more beneficial.

Suggest you run this past your attorney as there maybe additional concerns they have over the wording:The value of any preferred equity interest in the Company (as listed inSchedule A), will be calculated at the time of the buy-back, such that, in total,the Company will distribute a return on the initial capital contributed for thepreferred equity interest, that equates to an annual return from cashdistributions and the proceeds of the exchange of the Member interests of25% per annum, or the annual cash distribution plus 10% of the capitalcontribution per annum, whichever is greater.

Which ever side you are of that tells you if it is better to own or rent.

If you accept this proposal, we will proceed to enter into a purchase contract within five (5) days of acceptance or the date the bank has approved your short sale whichever is later.

Which ever site you use, the key is to spread your risk among as many notes as possible.

Have your agent check sales for the last 6-12 months by neighborhood or zip code (whichever is most relevant).