great way to find people doing what you want to do and happy to share their successes as well as failures.

Any advice and success and failure stories are appreciated

Any advice and success and failure stories are appreciated

Because then late payments due to application failure, network outages, password lockouts, etc are not the responsibility of the tenant. 

So far, they've not missed a single (modified) rent payment and their lawyer has confirmed that the settlement amount he is working toward has already been modified to reflect that the first check cut from the settlement will be coming my way to pay me in full. 4 months from now, I'll have either dodged a large bullet or will be crying in the new year for my failure not to evict sooner. 

The high IRR deals out there today will be the failures of tomorrow when the tide goes out. 

You can take them to court and sue them for failure to perform on the contract and seek damages, but how much time and money is it worth sinking into this? 

Background, credit, past evictions, etc.... you'll find great successes and abysmal failures with section 8.

Although I'd bet the failure rate is much higher than 80%... 

The failure rate of deals (not getting capital back) is high and the track record is thin (only been around for a few years)5.