Joel, Sec 8 tenants can make up a difference over the entitlement to market rates but it can not exceed a third of their income.And Joel is correct in that FMR can be adjusted and less can be allocated for your property, but you can also opt out of Sec 8 before such rate changes take effect as they will be paid to the end of the lease term.

I self manage, and I factor in this cost when I purchase using the 2%/50% rule anyway, so the only effect it would have would be that I would not be paying down RE debt as quickly as I am now.

Landlord pays for hot water and waste removal.Agent said that Net yield is ar 25% cap.Taxes $5k per annum.Bldg comes with new Cert of Occupancy but the city council.SheenSingapore

There's a ton of waste in there because it includes all owner occupant and owners with no known distress.

The net effect is the same.

I do not take any risky financial decision if it will effect my family's home, but it is an individual preference.

That essentially prevents you from wasting his time with nonsense trips and protects him.

What's your most effective retention tactic?

That may not be the most cost effective and cash flow efficient mindset, but that's where I'm comfortable with starting for now.

We have been speaking about getting an apartment together to save on money anyways.One of the drawbacks I can see is that he is in effect signing a 24 month lease.