If you are selected for examination the IRS will ask for them.Are you subject to the Net Investment Income Tax (NIIT)? 

Hey @Jason Lam, There are people that I know that do really well and don't have any issues with section 8, but they thoroughly screen their tenants and have nicer/cleaner houses that can allow them to be picky with which section 8 tenants they select. 

Anyways, I'm working on selecting 2 cities to heavily pursue for out of state rentals.

Depending on a price point you really really have to select the right materials -- it's super important.

Hi @Joe Mazur - please don't select your inspectors because of price ... this is not the time to try and save a couple hundred bucks.The specific property and location can influence which inspections you'll want to consider, but, in general, here's what I'd be thinking about (along with the inspectors I used on my own purchase in Cary):general home inspection (Eric Coates - Detailed Home Inspections)pest (Neuse Termite and Pest)roof (Roofwerks)radon (Advanced Radon Detection Services)I would have a different person do each of these. 

For me that was market analysis.I found this to be very eye opening: https://joefairless.com/apartment-syndication-school/ check out "Series #5 – How to Select a Target Apartment Syndication Investment Market," and then "Series #6 – How to Perform an In-Depth Analysis of Your Target Apartment Syndication Market." 

My understanding is that federal Appraiser Independence rules require random selection of the appraiser?  

There are times all of them are out.I selected them because I thought it will be less wear and tear if they are gone half the time, and easier to schedule repairs and improvements. 

The VA loans and the positive selection bias that comes with base properties and the kinds of tenants tends to work in your favor. 

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