Expect them to want action when they contact you and plan on calling voicemail a couple of times before you get a response. ( I think this stems from the fact that the tenants all have Obama phones and can drive the administrators crazy if they made themselves available via phone...my pickiest tenants are those who pay NOTHING for their home including utilities)Oh and sect 8 isn't fair...plan on getting regular notices you are being cc'd on stating tenants failed to attend renewal meetings and are being kicked from the program...you get to evict the tenant after that because they don't have any money, only government support (and don't sweat this too much either...sect 8 is full of big stick threats with grace periods and appeals, so a January 1st notice of cancelled voucher gets reinstated on the 15th and feb 1st the tenant has to pay $250 of the $700 rent starting march 1st and February 15 you get a letter stating the tenant won their appeal and the fill amount is paid by sect8 again and nothing is changed.

Additionally, when you run into problems with the IRS, Enrolled Agents are authorized to represent you before all administrative levels of the Internal Revenue Service.

There are two slightly different approaches.One is to find a administrator who allows this sort of an investment.

Wendy, send the exact figures to me including taxes, insurance, management, utilities, administration/professioanl fees, makeready expense, trash, landscaping, and all other operating expenses and I will calculate the value for you as well as the asking cap rate, dscr, and price at which I would offer.Hope this was helpful

Subtract off SG&A expenses (selling, general, and administrative), you get "net profit".

You and your business are disqualified to your retirement plan.Your property management may not provide services to the plan and get paid for doing so, nor can your company provide such services for free and thereby gift value to the plan (which would be akin to making un-documented contributions to the plan).As the account holder, you are allowed to perform very basic administration of investments. 

I'm currently pursuing a Associates Degree in Business Administration.

Is there any risk with the current administration on housing welfare.I have a rental unit that is profiting from section 8 as it pays higher in a poorer neighborhood.  

Here are a few morsels of reality, not fantasy:- Small Business Administration loans could rise to above 9% by year-end.- According to a recent survey by consultant PwC, which last month polled more than 700 US executives and board members across a range of industries half of respondents said they’re reducing headcount or plan to.- 52% have implemented hiring freezes. - Four out of ten are rescinding job offers, and a similar amount are reducing or eliminating the sign-on bonuses that had become common to attract talent in the tight job market.

However, administratively it is probably easier just to use a Warranty Deed to transfer ownership to the LLC.