On exit, the taxpayer sells their LLC interests rather than the LLC conducting an asset sale and distributing the proceeds.

Then you can just worry about learning how to conduct due diligence on the properties and companies and such....all of which will prep you for doing the harder stuff on your own later.I wouldn't do it any other way, myself!

How much additional screening do you conduct with section 8 applicants?

Should I still follow the screening best practices of calling previous land lords and conducting a background/credit check if the tenant is Section 8. 

Therefore, you will have to conduct extensive research to determine which cities allow STR's/MTRs and LTR's. 

I would take a look at the original contract you signed and see if you can get the records/reports from them as to when these inspections were conducted and what the results of those inspections were. 

You can see that they had a lawsuit against them in Florida for similar conduct but refused to pay.

It depends on the type of activities you conduct. for eg, sometimes the expenses are added to the basis of the property. 

Rather than wait for my clients to bring me a deal, I took a proactive approach to sourcing deals by leveraging my network of wholesalers, joining the Boardroom Mastermind and conducting my own marketing to go direct to seller.

They must approve the habitability of your rental before payments start.During the tenancy, section 8 also conducts annual inspections to make sure that habitability is maintained.