I will probably just be a lurker for quite a while, but wanted to make an intro, and hopefully I can contribute some useful info related to marketing and sales.

I'd much rather they go to a friend or relative.

It's generally as cheap, a heck of a lot easier, and faster just to have someone do it.As for bookkeeping, collecting rent checks from my P.O. box, answering phone calls... those are all relatively little time with big rewards.I also outsource the tenant placing... 1/2 months rent ($200 - 300) is much easier than driving up 3 - 10 times to show the apartment.

All related.

Those rules deal with exemptions related to the amount of capital and number of investors you intend to obtain.

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.

If I were to drop the day job I have some RE related business ideas that I'm dying to pursue.

Bobby S,Everything will be prorated to the portion that is related by square footage.

Are you living with parents or relatives and could essentially work pay free in order to learn?

The lights went down, the cieling fans kicked onto high and the AC thermostadt went down to 68 and the surround sound came on and started playing "I wanna sex you up," by Color Me Bad!