There is no savings...UNLESS...you pay them an extra fee to facilitate the administrative process surrounding bi-monthly payments AND you sign up for ACH debit from your bank account.I've found greater success with just paying extra every month.

Nursing home administrators!

Also since Obamacare is new since I left the HR field, you may need to explore your obligations there as well.Additionally, be sure you compensate above or equal to mim wage for hrs worked;And check the regulations of your state regarding 'ON CALL' status and what you must pay if any.In MT a property manager must be licensed by the state (if they are not an immediate relative) Not sure of other states. but also needs to be checked.I think hiring an assistant for the administrative/ property mngmt tasks is an excellent idea, one I will do when I get to that stage!

You should be able to request the details of your 401k from the administrator.

Anyone who conducts property management for anyone (even friends) else’s property in the State of Ohio must do the following: Be a licensed real estate agentPlace all retained rents directly into a State of Ohio audited Trust AccountHave a written property management agreement with each property owner stating the start and end date of the agreement among other thingsDeliver regular financial periodic reports to the property owner.Display Fair Housing language and logo where requiredMaintain a ledger sheet for all transactions including name and address, name of all parties to the transaction, amount and date of all deposits, amount and date and check number for all disbursements, running balance for each propertyRegister each property owned by an out of county owner, with the county auditorBroker may not co-mingle fundsFurther, a Broker may use an unlicensed assistant only for certain administrative or clerical duties, maintenance, showing a property and other specifically defined tasks.

I've stuck with buy and hold; while using my administration company as the cash cow that finances my purchases. 

There is a limit on income made where you can take write offs but if you have a real estate professional status that can be one of the exemptions.During the Trump administration there have been newer tax laws put in place and some advanced depreciation on purchases made within certain years.I would not be taking tax advice from a commercial broker/agent.

(Can help a bunch if your deal is value add)-Experience in Underwriting deals and due diligence-Organizing and systematizing skills-Operations and administration skills-a great understanding of construction and contractors (Boots on the ground is a huge plus)If you can already do a few of those things you may want to consider partnering up and starting to hunt for deals.But if you are a mortal like the rest of us small multifamily properties are a great place to start making mistakes.Cheers

I called and emailed the local S8 administrators and they said there was no recourse and they wouldn’t consider revoking their voucher.

Use tax incentives to recapitalize the deal.For other government support, look into the following:Community Development Block Grants (CDBG)Neighborhood Stabilization Program (NSP)US Department of Agriculture Rural Development ProgramSmall Business Administration (SBA) 504 or 7a loan programsI don't know a ton about these, but there's probably a lot of information available online.