If they do not comply, they can no longer remain in Section 8.3) Main complaint was the nit picky annual inspections.

As there has not been one post positive about the idea it seems clear to me that these units are DEATH TRAPS!!!

To this day I feel trapped by them.

A Series LLC would be ideal, but one LLC with a good Operating Agreement is all you need.I also suggest you have your LLC Operating Agreement in sections adopted under one Master Operating Agreement.

The Section 8 rents for the entire country are published by HUD at their website: HUDuser.org At the website click on "Data Sets" and "Fair Market Rents" for your specific area.This one website can make you money in Section 8 as well as property not in Section 8.

The few texts I have gotten middle of the night/wknd scary type involving frozen pipes and a dislodged p-trap under the sink were followed up by "already fixed it" and these two families in the duplex being best friends have been helping each other out while spouses deploy, etc and aren't afraid to turn a wrench when needed.  

Lots of folks advocate this "freeing trapped equity" approach.  

I  saw an episode of Shark Tank where a couple of ladies had created a bed bug "trap" that you put under the mattresses  and it kills the bed bugs.

Many things have to be looked at, do your homework first, some things to look at are you going to trap windows from the house from other existing bedrooms, each room has to have a certain amount of sunl and outside access in case of fire, if it's more than 500 s.f. city will charge school tax for the total s.f. of house depending on the are 3.75 to who knows what depending on were in L A.

If you pay cash, you would be looking at about a $1 million investment and 10 houses.I don't really buy into the "trapped equity" argument.