There are a high number of CPA firms that do not want to get involved outside of the FYI to their clients, and some state boards are saying that a CPA advising related to this registration is an "unlicensed practice of law" given it is not under Title 26 - income taxes - the only place where CPAs and EAs are specifically authorized to interpret law. 

The combination of high costs and the after-repair value (ARV) frequently leads me to conclude that buying a new rental property is a better use of capital.

Nice…You can’t offer less for a property full of fire rubble (lead and asbestos?)

The higher credit, higher income, gainfully employed S8 tenants are choosy about where they live and do not want to live in a bad, high crime area.By buying in an area that appeals to high quality S8 tenants, the arbitrage that you might see between S8 being higher than market might disappear.So that being said, it’s more important to lead by location than strategy.Happy to talk further if you like.  

I must be doing something right because I never attempt to generate leads, and I've been 100% successful so far! 

Overall CoC would be 4288 / ($8,735 + $7,976) = 26% +/- a few basis points account for cost of capital.By adding just one more investment we see a 6% increase in total CoC with only a 4 month additional lead time to full collection (negligible impact from time-value of money) and a ~6.5% increase in yield for the subsequent investment.Final ThoughtsFollowing the math suggests that doing more short-term investments makes the performance metrics exponentially better over time, and on their own their own they are still akin to modest although not Earth shattering returns.I add these details from the context of being a Tardus client for the past year.

I am sure some will do it with phone and e mail etc.. but I suspect they miss the best deals.Just like top wholesalers they have buying agents when a lead comes in that buying agent is over to the house and meeting with the folks ASAP so they can lock it up.. if they are non owner occ then yes this is different but now your talking about investors as sellers different mind set .  

I have 8 properties that I have rented through section 8 now and didn't need any additional resources than the one freely available to he public from the housing authorities.

I do not know him, but the path he is leading you is a difficult path    Note difficult does not imply impossible; there are people who are successful with S8 housing    In my area s8 is so undesirable that they write laws trying to make it challenging to not allow S8 tenants.  

, I went to extra lengths to make sure that you wouldn't take my post as a personal attack by starting by mentioning that I agree with what you wrote and concluding by mentioning that the sole purpose of my post was to make sure that yours wasn't intentionally misleading.So, over the form, my suggestion as an elder of the forum would be for you to not take everything personally and, if you still think you're being personally attacked (it can happen to everyone), read the post again and make sure you don't misinterpreted what the author meant before publicly complaining about him/her.Most importantly, over the content, you're correct that the Costa del Sol isn't the whole of Southern Spain.