There are all sorts of profit centers in the private lending business such that 12% is actually on the low-end.

But you need some sort of fundamental understanding of construction and contracting.

I was going to try and sort out what day you were on in your post but it got a little confusing.

While I know that the housing authority will do their diligence to ensure the applicant is qualified for the property ....LOL - such naivete - you will fall victim to some of those PRO section 8 tenants with that sort of thinking.

This sort of problem does happen.

They have a get together in early January which I plan on attending and another group had some sort of demonstration on Short Sales December 7th I believe.

People do all sorts of useless things.

What sort of business is it?

Additionally, some sort of vacancy projection should be used in the inevitable event that you are between renters or someone does not pay.

This applies to all walks of life... the law is not necessary for good people - they do the right things without being told to do so.I sort of chuckle when I hear on investor say that his/her lease is 40 pages long.