I realize it's too late for that now but if you run into that again in your career just know. 

Interesting read above about Union County limiting it to 5%...I didn't realize that.

The quick good/bad of Section 8:- S8 tenants tend to be rougher on the property (but not always)- Paperwork/inspections/etc. can be burdensome and tough to navigate (especially initially)- People often think FMR rates are guarantee rental rates but that's not the case- Usually the rent isn't 100% subsidized and a lot of people don't realize this- S8 tenants tend to stay a lot longer than cash tenants- Obviously, the guaranteed rent portionOverall, I'm neutral on the program.

What we find is the missing piece is some pros do not realize that it is indeed possible to have a "rental property" that is actually not a "rental" for tax purposes and treated as a business. 

What you guys probably do not realize is that you cannot generate ANY tax loss when you rent out part of your house.

In fact, I’ve seen this happen frequently, where properties are marketed as eligible for specific financing options, like VA loans, only for buyers to realize later that the home doesn’t actually meet those requirements.

This depends on your agreement and whether you are hypothecating the note (meaning you own the note and are borrowing against it) or doing a partial where you are selling that portion of the note and issue a collateral assignment.When i did partials I did it as a hypothecation where I kept control of the note because those who typically buy a partial are not savvy note investors and if it went into default the first call they would make would be to you.I know some who let the buyer own it and they would be calling the servicer every week asking about payment or emailing the etc. then if it did not show up they would be calling them.How you structure it is up to you, just realize there are pros and cons for both

As a rookie myself, I didn't realize how terrible the contract was, but the contract is only abut a page and a half. 

Most of my houses are on Wooddell which backs up to it, but what I realized is that when the creek overflows it empties onto Longwood which is on the other side of the creek.

Anyways, the appraiser used two of the properties that were within the comps report (the higher ones) and we managed to overperform our ARV target by $20k.Lesson Learned -> Later we realized that the appraiser also looked at the rental comps, and the average rent used in the income approach was $2,000...we are renting both units for $2,600 and the average rent in general for this kind of duplex in the area is $2,100 - $2,200, so we could've easily hit a higher ARV, crazy right?"