There are going to be three levels of addressing this 1) things you can simply go there and do anytime (pick up pet waste and throw it away) 2) things you can do given proper notice (enter the unit and inspect, repair damage etc) and 3) things you can only do given proper process/procedure (notice to vacate, increase rent etc.)

I am curious about ifit's hard to get approved, how long it takes to find a decent tenant, your experience with inspections, etc.

@David Cheng simply tell them to write an offer subject to inspection. 

The city is very open to this setup, with a clear permit process: $500 initially, plus a $100 inspection fee.

The quick good/bad of Section 8:- S8 tenants tend to be rougher on the property (but not always)- Paperwork/inspections/etc. can be burdensome and tough to navigate (especially initially)- People often think FMR rates are guarantee rental rates but that's not the case- Usually the rent isn't 100% subsidized and a lot of people don't realize this- S8 tenants tend to stay a lot longer than cash tenants- Obviously, the guaranteed rent portionOverall, I'm neutral on the program.

Plus any miscellaneous payments such as interest, inspections, etc. 

The property is a REO Occupied home that we could not inspect prior to bidding and only had one photo of a really bad exterior.

Inspection revealed A LOT more problems than we ever imagined a house of this young age would have.

Red tape = dealing with the government, getting the house inspected and approved, learning the procedures of Section 8 so you do everything the right way.

The terms would be a 30-day closing with a 10-day inspection period.