I have never been involved with such an elaborate scam unfortunately I pulled the short straw on the investor gamble. 

Don’t get me wrong, I like your idea, heck I’m interested if you find another deal or a small multi, but right now it seems far from a partnership and more of a one sided gamble.

The really low income areas is more of gambling and speculating and sometimes no matter what the tax benefit is looking like it is not worth owning in those areas.I personally like A to B areas because they tend to hold up better in an economic down turn.

So It's gonna be a gamble if I decide to sign for a new one year and let sec 8 decide what the rent should be.In this case the tenant pays only $55 per month.

He seems to be very pro business and wants to make Inglewood the sports entertainment capital of America .

Sponsored local sports teams and schools.

Having a Realtor in the family definitely gives you a leg up.I'd recommend making a weekend sport of going to as many vacant properties as you can. 

I view investing for appreciation (with negative monthly cash flow) as gambling.

Its a gamble in my opinion.

I'm out of state so it was kind of a gamble for me to hire them, but they've been great.