Administrator, and so on.Prior to making any decisions, it's best to first assess all the options.

Knows how to sell but not crap on the trades.

Some real estate investors that I know are going back to their old tricks of the trade for finding good deals.

But still I agree, I need to do go visit the city and look at the neighborhood before making a decision.

.- Has 11 collections: $943 Medical (2011), $284 Medical (2009), $722 Citibank (2009), $1,086 Sprint (2009), $491 Victoria Secret (2010) shows as paid, and another 6 other collections for medical that amounts for $900 (2010)- In the trade section it also shows few other items that were "placed for collections": $45 Sprint (2011), $1,706 shows as closed by creditor grantor (2009), $4,775 Student Loan shows as unpaid balance charge off (2004), $22.1K Student Loan shows as unpaid balance charge off (2009), $1,189 Placed for collection (2010), $1,812 placed for collections (2010).Now, I do not know if this is typical considering the state of the market and economy as I entered the business only a year back, but based on myself and people I know, this seems to be awful!.

You need to get all the information necessary to make a decision on how much you'll be able to offer on the property.

Yes I have seen section 8 be in a constant flux of change.If the tenants income increases then section 8 adjusts the voucher amount.Also here you can list in the lease that the tenant pays a certain amount of utilities and that is fine.Some section 8 areas they will pay 800 for a 2 bed but then all of a sudden readjust to start only paying 700 which is not market value.These section 8 tenants never make up the difference from what I have seen.So you accept the lower rent or evict them and get a regular tenant for 1,200 more a year in cash flow.I don't know with the election and many government programs in flux how stable section 8 is currently.Might be a bad decision to base many of your renters off of that income stream.

Explain to them the consequences of not paying rent and let them make their own decision.

I'm an AGE troop by trade.

One major issue is not having clear expectations of who is going to do what in the business and how decisions will be made.