I would say, your best bet is to reach out to property management groups in your investment area that specializes in section 8.

You best bet is to contact a realtor, and have them run comps (most will do it for free).

The actual amount seems reasonable and in-line but that structure strikes me as odd. 

Right now I think your best bet is to call your insurance and go through them.

An attorney can give his opinion as to what the odds are of the different ways a legal dispute can play out, but it’s the investors decision based on a cost/benefit/ risk analysis to decide how and of to proceed.There’s no way for anyone to render an opinion about what you “should” have done without (1) complete information as to the property being purchased and (2) complete information as to the risk tolerance and financial makeup of your investment group.Here’s my advice - don’t second guess yourself based on opinions of people who (1) don’t possess “all the facts” and (2) probably never acted as sponsors of a syndicated investment.  

I don't know Waco economics at all, but I'll bet there are 1000 units of some kind available for rent a town of 140-150,000 seems like a lot to me. 

If so, your best bet is to graduate debt free. 2.

You are asking legal questions and your best bet would be a quick consultation with a knowledgeable real estate attorney in your state.

I'd ask the tenant if they are staying because apparently they don't have to tell you if they are going at the end of the lease (which I find odd, even for CA which is very tenant friendly) and if they want to stay, they are to talk to you about renewing their lease. 

Should I hold onto as much of it as I can and bet on a combo of cash flow and appreciation for the long term?