I would see if I could put the money in escrow, and tell TWIA the money is earmarked and ready to go when you do close.You can also go to another bank.

If the tenant does not pay the electric bill, the utility company would be responsible for filing a lawsuit to get their money from the tenant if the tenant is unwilling to pay.Best of luck, David

You are a teacher from California looking to invest in states that have a high demand for section 8 housing and asked some suggestions for good states to invest.I am a retired teacher myself and all of my tenants are section 8.I personally love section 8 tenants and proving safe and affordable housing for them.I am in Michigan.

Personally I never liked google docs I prefer Microsoft.

Personally, I've been in this niche since 2007.

It's a scummy thing to be doing and I personally couldn't do it and sleep well at night.

I'd also love the chance to connect with any of you 1-on-1 either in person or virtually. 

It was costing me a lot more money and time than if I would be managing myself.

You'll also want to prepare a personal financial statement for each of the guarantors/owners of the entity, the entity documentation, 2-3 months worth of bank and brokerage statements for each guarantor and the entity itself, any plans, specs, etc for the property, information on your GC, and a detailed Scope of Work from your contractor along with the draw schedules they expect.

Too many entrepreneurs make good money each year but pay Uncle Sam 35-50% of it.It takes a long time to build a massive wealth snowball when 1/3 to 1/2 of your snow gets chopped off each year.Real estate can help with this.