The best part though is that the Utah state legislature just passed a recovery fund to help landlords who have been financially harmed by section 8 tenants. 

The factor is habitable or not.

If not habitable, you will get as break. 

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesEven if someone give you a referral, don’t make the mistake of assuming the PMC will meet your expectations, just because they met the expectations of the referral source.We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

I am going to reply to some forums right now and will make a daily habit of it from now on :)

Other Favorite Books:Slight Edge Theory12 Week YearJames Clear Habit book - I forgot the nameThe 5 AM ClubCant Hurt MeRay Dalio PrinciplesReal Estate Investing with no and low money down.  

And there is no harm done having everybody agree going in: 1) What is the goal for the property2) What is the exit strategy 3) How to split the profits4) How to track who has how much money into the deal5) Who is going to run day to day operations6) How to handle tax issues when selling the property7) What to do if one decides they want to be cashed out8) If one gets married or divorced, depending on the state - community property issues can arise, how are you going to address that9) How to take ownership - what kind of non-entity or vesting, or what kind of entity10) If you get sued as a result of the project, what are the contingencies11) If you find unexpected problems (it is real estate after all ;-) How are you going to resolve the issuesThat will get you started.

Hazardous materials that can create harmful offensive fumes or material that create a danger of fire or explosion are prohibited.

Yes you can buy for cheaper if you can find a habitable house under $200k and win the bidding war.

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each don’t cover.