Once a lender has a property in pre-foreclosure, they monitor the property more closely, which leads to a higher probability of a DOS call.

$10k would be a nice reserve, however, if you buy the right property, and account for reoccurring cost in your rent, their shouldn’t be any surprises that would require that size reserve .

I would take the room and turn it into an office (Market it as an office and a 1 bedroom, put some cables in the wall and a hanging bracket for a monitor, phone line, take the closet and build in filing cabinets, bookshelves).

Requires ongoing risk management to continuously monitor taxes, senior liens, regulatory compliance, loan servicing.Active = Investing in non-performing notes, note brokering.

It's just one more thing to worry about besides alcohol and other drugs to monitor.

If this is like the VAMC I worked at for many year, the local Housing Authority provides the vouchers (and the inspectors for the program) but the VA will work with the veterans who are interested in the program and they tend to monitor them more carefully than caseworkers associated with the "regular" Section 8 program to keep them "on the straight and narrow" so to speak.Many of our veterans were single folks and thus would qualify for a one bedroom unit. 

I had to snorkel the Campbell a few times this fall and winter to monitor the salmon run in the canyon.

@Robert Arnold Don’t ask don’t tell most lenders do not monitor title transfers you do run the risk but is very very minimal did you transfer the title to a different entity with other lender knowing your call

When  questioned about this ever increasing population one is often told these little ones are "just visiting"...until you happen to see them being dropped off by the local school bus one afternoon and realize they are now permanent residents in your rental property.If you choose to work with this program it would be important to monitor who is actually residing in your rental property carefully.Gail

I told the parents to monitor their kids, but they barely made any effort to correct them.