My concern about pets is my own safety when accessing the property first, property damage second and liability third.

They could very well have the N/P formed for you.Michael, you need to go in to these meetings as a concerned citizen wanting to assist the community first and foremost, if they see that you are mainly interested in furthering your personal position you'll die on the spot....that's in working with any N/P, many of these folks are volunteers and receive no compensation at all, so that is the standard to meet.

If they concern you, I would provide them as a land lord.

. - You will gain higher ranking and spend less.3) Design using a mobile responsive setup.

This way your ratios will be lower for additional financing and you will not be obligated to make a higher payment during vacancies or other times of financial concerns.

I know my mom was concerned only about the taxes and isn't an experienced landlord so it might be worth talking to several more experienced people.I appreciate the quick responses :)

some good related reading:http://www.biggerpockets.com/forums/52/topics/73627-setting-rent-price-for-section-8http://www.biggerpockets.com/forums/52/topics/62388-section-8-basicsThe adjustment to market rent is what would concern me, since the Housing Authority will make these adjustments periodically, and that could lead to a reduction in your expected rents.

Ken Latchers - Thanks for the feedback, I really appreciate it- I'm pretty sure I addressed or have thought about your concerns at this point-1) I found a cost effective HSA/high deductible plan which should fit well, 2) Agreed- the lack of recurring, reliable funds is a trade off 3) I will have $50k in cash reserves, plus already have a RE LOC at $50k, credit card max of $30k, and 3 F&C properties just in case, 4) I have already secured the funding to continue growing over the next 18 months at the current rate of 2 properties per quarter.

My only concern is that the house may be under foreclosure.

I've been looking at the mobile home RE strategy.