Although I've been investing in and improving multifamily properties since 2000, I decided to go back to school and get a Bachelor's Degree in Construction Management from BCIT (I already have my Red Seal in Carpentry).

I'm rooting for you to get to number 10!!!

Ask about any unforeseen challenges that have come up (there always are, so not all challenges are a red flag), and overall let them know you're an involved LP who likes to be kept up to date on things

If it is roots, joint corrosion, etc we get it chained which has some risk but clears the drain of anything except pipe breakage that would cause a clog.Good luck

They admitted it was after a drunk driving incident, which at the time was a major red flag but I let it slide. 

With a warranty, there is red tape and delay in getting a repair made.With a vacation rental, your first priority is an immediate repair, to preserve guest satisfaction and the rental. 

-If I move money from my homes equity into the business account, will that red flag? 

His estimate is 2-4 Months.The red flags from me are:1.

I love it for the guaranteed rent, tenant stability, additional accountability with the housing authority and large demand for Section 8 housing without enough supply.With strong screening, I'm able to find great tenants and Im not owed any rent.Cons you will often hear is that the tenants are harder on your properties (doesnt have to be the case in my experience if you screen really well), the Housing Authority is a pain to deal with (this depends on a couple things - how well run your local PHA is and how good you are at handling process & details) and the extra inspections/red tape make the niche unprofitable (see what I said above about Housing Authorities).Done right, I believe Section 8 is one of the most stable & profitable. 

You'll probably want to do some more digging on these tenants before accepting them.6 adults and 4 kids in a 4/2 home is a red flag itself.