Quote from @Deandre Brown: When analyzing deals, a few additional factors I like to consider are whether the electric and gas utilities are charged per unit or as a single expense.

Probably will never be utilities there like electric or water. 

3) It's been 5+ years since we've seen a S8 tenant lose their voucher for property damages, not paying their portion of the rent or utilities, or other lease violations (letting others move in with them).It's our opinion that #2 & #3 above are caused by overworked caseworkers not having the time to process the extra required paperwork, so they take the path of least resistance.4) S8 needs someone at the federal level to put more of the program online and streamline the process!

They require tax returns, voter registration, car registration, driver license, and utility bills in the app to prove it's your primary.

Be sure to take high-quality photos, and if possible, request utility records that confirm separate billing for four units.

For example it does not consider who pay the utilities, obviously if the LL pays all the utilities, the net is lower. 

How are the utilities billed?

Are there investors here in Texas that have utilized and would recommend banks they hold series LLC accounts with? 

If the work is not 100% complete by the end of the Escrow period, may implement a .50% (on total loan balance) extension fee that will cover an additional construction term of 60 days.

In 2025 what strategies are you utilizing to source off market deals?