I figured Worst I could lose was $4k How did you find this deal and how did you negotiate it?

Didn't want to see this guy lose a house to taxes.

Thank goodness I didn't "Technically" lose money on it, but I bit off a little more than I could chew at the time.

I don't like losing money, so I looked for a home we could add value to.

Given that the only ways to lose money in this industry are bad investments and lawsuits, I’m not willing to bet my portfolio that I’ll be in the lucky 10% of people who never have problems. 

anybody lose their tail on a courthouse steps deal?

If he will be utilized to check the health of the association, bylaws, etc, you can anticipate a bill of in excess of $3000Experienced investors have offer forms they fill out themselves, but unless the state has a promulgated contract, you will be foolish not to engage legal counsel.

On a related note, this is Section 8 - could a person lose their section 8 through harboring or associated with a felon?

You could lose everything.If you can find one, and you can if you ask enough people, find a private lender to make a loan to you.

I want to keep my sanity and not lose my cool when “ things” come up at my rentals