Partnerships are definitely possible and can be rewarding, but I would just make sure the relationship is outlined thoroughly and both members are contributing to the deal in some way. 

When I'm at a property myself I'm experienced enough to do a thorough visual inspection but it can sometimes be difficult for me to be there as I live out of town but I suppose perhaps the answer is that I do need to make sure I can be there in person.

The property is owned by a company that does exclusively section 8 and I have been told their vetting is very thorough.

Do a thorough research, make sure you understand how the market works and build a solid team from lenders, contractors, PM and realtor.

Hey @Chryl WilliamsI've never run into this scenario where someone is being overpaid due to tenants having multiple voucher/programs... but I would keep it as is since the city typically is pretty thorough about issuing these payments. 

Don't rent property in Washington without having a thorough understanding of the laws and ordinances of the State, County, and City jurisdictions in which your property is located, and have an attorney on speed dial.

I would think I'm small potatoes for them and the form 3115 is so ridiculously thorough that i think it all but negates audit but we shall see :).I will report back when/if i get it and what the timeline was/is, I was holding out hope that someone had some information on this but its been crickets.

With thorough research and the right local team, it can be a rewarding strategy.Let me know your thoughts!

Thoroughly analyze and underwrite potential deals to showcase your due diligence and seriousness.4.

It would be advisable for the potential purchaser to thoroughly investigate every aspect of the property prior to purchase, including, but not limited to, the location of the property, type of buildings, if any, on the property, determining what, if any, liens or encumbrances exist on the property, and any other facts which may be pertinent to the contemplated purchase.