However, one potential problem is if they they don't all agree, say one tenant wants to keep things the way it is now and two tenants don't mind signing a new lease with a rent reduction to allow for their own cable/internet, I don't want to end up doing both.Thoughts?

3.Reduce the purchase price by this amount.4.For the sake of assessing the deal only, count this price reduction as additional income that makes the COC and total ROI attractive.

In looking at these kind of decisions, I think you need to consider all of the potential advantages of longer term real estate investing: rental income, income tax benefits, loan principal reduction and potential appreciation.

For example, if the same property was sold two years after purchase for a $100,000 profit, 50% (assuming there had not been any reduction in the debt) of the gain, or $50,000, would be subject to tax at a rate of 15% (the current long term capital gain rate).

I would say the biggest thing to watch out for with Section 8 is rent reductions.

The properties are in Kansas City, KSNashville, TNLafayette, INIndianapolis, INSan Antonio, TXToledo,TXHow does the property tax reduction work.

Its listed at near 150k, but I think I could get that down to mid-$130k given that the property has been on the market for a while and has gone through a few price reductions.

But, tax reduction will be the icing on the cake of 1) doing something business wise that is enjoyable.

I know this b/c I am below the market rental amount (I’ve done my homework), have done a price reduction already and prospective tenants all know the price before they look at the house.

Rent reduction for quality tenants is not something that would be expected in our market.