TAX ID NUMBERSIf you can't run a credit background to verify financial worthiness, find another way to verify their responsibility OR do something to mitigate the risk.

I hear risk mitigation and taxes often....from what I understand (but could be wrong) pass through entities like LLCs don't impact taxes all that much and a good insurance policy is much better on the risk management front than an LLC that may or may not be ran properly.

Read your insurance policy before making a claim as I think most do not cover long-term damage especially if it could be easily found and mitigated.

You should operate by the "intent" of the rule, which is to identify and mitigate risk.

AS long as its over 1.00 and if it's not, there still might be ways to mitigate. 

Never a good idea to put all in one basket..if you see the forums you will see great risk mitigation strategies

This is a core deal, which certainly offers some risk mitigation, as they allude to.  

This would be both a risk mitigation strategy as well as a bite size learning opportunity as I intent to manage close to all aspects of these for at least the short term (want to be an expert in the day-to-day operations before hiring this work out). 

So if you received a full asking offer and concerned about the appraisal then this will mitigate you concerns.

@Sunghee Shin we handle over 100 S8 rentals in Metro Detroit area.The main problems with S8:1) Tenants not paying their portion of rent and utilities2) Tenants damaging the homeBoth can be decently mitigated by properly screening S8 applicants.