Not to be pessimest, but just because I read a few health books does not make me a doctor, nor does reading a book on history make me a historian.This business is not easy. 

The landlord may be planning on making it their 2nd home or any of numerous possibilities that the government removes with any law that changes that.  

So, they don’t have health insurance, savings, retirement, etc.  

I've recently saved enough resources to purchase my first business, which I'm considering to be a gas station.I've done many of my own calculations, and have looked at numerous listings on many different sites.

These reports provide a clear view of your financial health and make filing taxes straightforward.3.

(B) The accessory dwelling unit was built on or after January 1, 2020, in a local jurisdiction that, at the time the accessory dwelling unit was built, had a noncompliant accessory dwelling unit ordinance, but the ordinance is compliant at the time the request is made.(2) The owner of an accessory dwelling unit that receives a notice to correct violations or abate nuisances as described in paragraph (1) may, in the form and manner prescribed by the enforcement agency, submit an application to the enforcement agency requesting that enforcement of the violation be delayed for five years on the basis that correcting the violation is not necessary to protect health and safety.(3) The enforcement agency shall grant an application described in paragraph (2) if the enforcement determines that correcting the violation is not necessary to protect health and safety.

I concur 100% that it is an underutilized resource with it numerous benefits compared to, “civilian, conventional loans.” 

I can tell you numerous stories of CA investors that I've met at meet ups who have lost money OOS, especially Class C. 

In our24 years of experience, managing almost 100 S8 leases currently, the average S8 tenant has a FICO under 580, numerous collections from utility & cell phone companies, doesn't want to pay a security deposit, much less an application fee and claims they don't know how to fill out their S8 paperwork despite being in the program for several years - hint: they want YOU to do it for them.Most, not all, are eligible for government assistance due to a funeral-march of bad choices.REALITY: you are trust trading one set of problems for another.You can succeed with S8, but you need to understand the challenges and plan accordingly.

For numerous reasons, this strategy is not anywhere near as simple as it appears, and the risk of default problems can be quite high if the seller is inexperienced or unknowledgeable.