I have my first Section 8 applicant.

Their website has resources, to include a Landlord section in the menu: https://housingforhouston.com/landlords/partner-portal/

Hello,I have a home that I lease out to tenants on section 8.

Also hard to miss on an investment here (with right corner or course ;) )

Since then, our dad signed up for section 8 San Diego Housing so that he could at least have some guarantee of rent payments.Unfortunately, the new tenant from section 8 (Tenant B), has not been paying full rent since 2022.

You're correct that the Clark/Fulton area is a bit rougher and is known for having a higher concentration of Section 8 housing.

All are in my single member LLCs, so they pass directly through to my 1040 ... so I have a lot of schedule Es, 6252s & a ton of "Section 1.263(a)-1(f) de minimis safe harbor election" statements. 

"Under the provisions of Section 1101.002(1)(A)(ix) and (x) of the Real Estate License Act a person making a referral of prospects or property for the sale or rental of real estate must be licensed under the act if the referral is done with the expectation of receiving valuable consideration.

Toward the end of the due diligence period we received the final piece of critical info to make our decision: a lease agreement for a cell tower on the corner of the property.

This lets you claim the previously missed depreciation all at once on your current return, using a Section 481(a) adjustment.