@Christine Mwai - I have a lot of SEC 8 rentals (100 currently and I've participated for about 7 years) and can't say as though I've ever met anyone who "got off the program" because they made too much money.  

Would like to say a big thank you !

How can they say a listing is unavailable the same day is posted?

The thing is (and this is true) if a house needs say a $5000 roof or $3000 carpet job, it is hard for buyers to come up with those chunks of cash after they buy.

Assuming Orange County is as you say, (as you would know real estate in the area much better than me) could you enlighten me onto some of the negatives associated with multi-family and what about california's pricing makes it very different from the rest of the country?

@Michael O.I would say a C-class depending on the exact location. 

Apologies, meant to say: a note stating you will not be renewing your tenant's lease.

They're less likely to know how to fix minor issues (say, a leaky faucet or toilet), and sometimes less likely to care.If you allow 9 month leases, some summers you might get summer tenants and some summers you might not.

If you are just starting out, with say a MFH owner-occupied, it does not seem necessary to create an LLC.

The current owners say a guy told them he would buy their Redemption Rights for $2,500 and give them 45 days to move out.