That can include roof, water heater, HVAC, plumbing, electrical, mold, rot, warped floor boards, bad foundation, termites, sink holes, fascinating animal occupants, bad reputations (that was a drug house or had a fire or was used for other things that I don't want to mention), and so on.

This resets and starts fresh every year.Some brokerages charge monthly desk fees to cover the basic administrative costs.

You're coming from CA, so $350k is a drop in the bucket in your eyes, but in the normal world of RE, to pay $350k for a property and have drug dealing outside the property is not ideal.Florida is great for STR's.

Rent for POH x2 is 450/month4th unit empty and needs large renovation ($8k or so) or drug off. 

The $20 you gave him went to his favorite habit - cigarettes, liquor, drugs, cat food.

But it's so rough now, it's hard to go anywhere without being around sketchy junkies, homeless people on drugs raging, etc.

uDirect IRA Services is an administrator, not a custodian.

Looking for advice from those with experience: We manage a small multi-family property, and we have a strong suspicion of drug use in one unit.

This is a simple administrative matter that comes up often.

If you're committed to maintaining your property and navigating the administrative processes, Section 8 can be a financially and socially rewarding investment.I hope this helps, and best of luck with your decision!