Welcome to the BP Forum and being overwhelmed before you make your first acquisition is totally normal.

Toledo's Lucas County Metropolitan Housing Authority...LMHA which administers the Section 8 program seems to have had a difficult 2016 and 2017 doesn't seem much better.I've been renting to Section 8 for seven years now, I still have my original tenant in fact, and normally I find great satisfaction in renting to good tenants and working with the bureaucracy that comes with a government program...I had 10 properties rented section 8 at one point and have slowly prioritized standard rentals over the program and now am seeing blatant issues with their operations causing me to move away from considering their tenants.Delays in the program: We used to have 5 business day's delay for new-tenant vouchers to be reviewed and processed for inspection but have been going weeks before we hear anything.

Books are important to maintain because it keeps track of the performance of the partnership not only for one year but over several years.Partners normally have the right to inspect the books.Will the accountant you work with either maintain the books for you or help you make sure its done correctly?

For us in the PDX market we saw a little slow down in the fall but thats pretty much normal but the bigger builders are still buying land and still building at a pretty good clip..

I normally just do new construction on these pemb, so I have never done an actual modification of an existing pemb to increase the square feet. 

The part about people not believing in you or thinking its a gamble definitely hits close to home for me..

We are looking at mostly central San Diego (Normal Heights, University Heights, Hillcrest, Talmadge, SDSU).

He gets his price and you get terms, but less than normal because it's such a win.

Gutter Cleaning: Twice a year, normally the tenants responsibility but often overlooked.5.

However, the personal property assets such as 5 and 15-year may be using the “mid-quarter” convention instead of the normal half-year convention.Don’t forget, STR’s have a depreciable life of 39-years instead of 27.5-years.