Every city's program is different, but the one in Los Angeles is excellent....I couldn't do without it.Also, one thing you want to keep in mind.... even if you rent to a non-Section 8 tenant and something bad happens, one of the things that will be examined is whether your unit is up to code. 

Hey, I'm not sure why your taking such a cross examination like tone with me but you're preaching to the choir here..well, for some of your post at least.

I've actually started examining Arkansas and Alabama because you need a strong lead generator and you have to pull trigger to purchase in hours, if not minutes.

The same will hold true in any market you examine I am just using my own market to drive home this point. 

Again, others might feel differently here.3) property level due diligence: (takes seconds to weeks per deal): here is where I drill in with the low-level details.a) pro forma popping: I examine all the assumptions, and see if they are overoptimistic or not.

Reversing a charge from a year ago doesn’t pass the smell test and they may want to examine the transaction from a teller fraud point of view as well as their own procedures.

Regulators, such as FDIC, Comptroller, CUNA, State Bank Examiners, all  do audits.

You also  have the nerve to say  "The general public is  mainly to blame for some reason they think  is something they can learn in a week or weekend.. " They think they can learn it in a week-end because the GURU's at these free seminars have told them they can learn it in a week or week end  and then you say "But people inherently are greedy and they want some free lunch"  No these GURU companies are the greedy ones and they are  the vultures.BG

Purchasing your can be exciting and nerve wrecking.

But it is kind of nice as it forces me to really examine all the charges.