How do you get started in section 8?

These waste products can collect in the drains, traps and septic tanks and give off fumes.If a strong chemical odor comes from household plumbing, do not attempt to clean the drains yourself.

Hi All,I live in the Bay Area and am looking for a multifamily for a buy and hold and am looking into Sacramento area (among other CA areas)  due to Bay Area/coastal returns...I am not interested in Section 8 and have not found anything above a 5-6% cap rate in Sacramento thus far.  

They do this so you are effectively "trapped" into paying them.

Lol.I would make a stipulation that there is to be no live feeding of mammals (unlikely, anyway--hardly anyone does this except psychos) and no large bulk purchase or breeding of insects except in SFHs.

AbhiDon't feel trapped geographically.You definitely need someone qualified, does not have to be a CPA, could be an Enrolled Agent or an attorney.

Recommend a licensed contractor further evaluate the drywall on the south basement living room wall for moisturedamage, and insect damage.

For me, I put in my lease that the tenant is responsible for ALL insect/bug exterminator issues except termites.

using a home inspector is a good idea. i am a home inspector here in the western new york area. you could have walked yourself right into  a trap, and thats what we inspectors are here for, to keep you from doing that. if i were you, i would go back to that owner, throw them your new offer and tell them it is a " standing offer". that means, you know they are not going to accept it, but after several months on the market, your offer is going to start to look good to them anyway. my guess is that they will eventually call you back and either accept or want to counter offer close to your bid. in the mean time, find another house. they are out there and some of your best deals are the ones not even listed.

I'm sure he's got people trapped in bad deals with this tactic.