There are many strategies to investing in real estate, and I won't say any one is better than another, but I think you get what you pay for and no one wakes up in the morning wanting to be a slumlord.

The advantage of using a new build, when available, is a first-come-first-served environment instead of the multiple offer pay over list market in resale product.  

I will def. consider it, and may not pay to go to their 3 day seminar when I could gather info with like minded people like you.

The rentals are paying the holding costs on it so far (taxes and insurance are high in this market).

I was lead to believe this gave the PR the license to sell any assets and pay beneficiaries. 

(Increased rates and loss of discounts on all policies, not just this one.)You’d be better off raising all your deductibles and using the savings to pay for your floor repair.

A paying tenant isn't something to discard too easily.

It is suggested that  "Small" landlords use a collection agency, who will report the non-paying tenants to the credit bureaus.   

Short answer - tenant pays.Long answer - landlord pays because tenant has no money to pay that's why they are on section 8.

Marcus,If you want more exposure you can list it on the MLS, and you will have to pay a fee to the agent that brings you the tenant then you will have to do a credit check and background check yourself for each applicant however for my clients I prefer to list it on Zillow rentals only, because I can manage the applications directly from there and the prospective tenant only pays $35 application fee once and can apply for different properties with the same application fee.