." - which to me indicates the same doubts that I have about the legality of the IRS position.Until the IRS is challenged in court over this position and loses, I choose to comply with their position.

You're facing a common investor challenge: learning from experience (and sometimes mistakes).

Sharing your experience can help others facing similar challenges.

@Maria JeanetteRenting to tenants in assisted housing programs, like Section 8, can have both advantages and challenges. - Consistent Payments: The rent portion covered by the housing program is guaranteed and paid on time, reducing the risk of late payments.- Large Tenant Pool: Housing programs often have waiting lists, so demand is high.

See the chart from Fair Isaac Company (FICO) below: FICO Score Pct of Population Default Probability 800 or more 13.00% 1.00% 750-799 27.00% 1.00% 700-749 18.00% 4.40% 650-699 15.00% 8.90% 600-649 12.00% 15.80% 550-599 8.00% 22.50% 500-549 5.00% 28.40% Less than 499 2.00% 41.00% Source: Fair Isaac CompanyAccording to this chart, investors should use corresponding vacancy+tenant-nonperformance factors of approximately 5% for Class A rentals, 10% for Class B and 20% for Class C.To address Class C payment challenges, many industry "experts" are now selling programs to newbie investors about how Section 8 tenants are the cure.

Don't discount that.Real estate remains a valuable investment despite current challenges due to its tangible nature, long-term appreciation, and potential for consistent rental income.

What are the biggest challenges people have faced with this.

They taught me how to professionally engage the brokers and sellers and submit all-cash offers using THEIR cash. 

I’m in the process of evaluating the purchase of a laundromat and looking to engage with some folks to ask some questions. 

Engaging in finding renters for clients on rental properties normally isn't worth a realtor's time.