To replace the home if it were destroyed by fire or other cause is far less than half the value of the property.Would this be newsworthy if the buyer had purchased an empty lot for $1.23M? 

So, while it's only a 1% deal - it's a great deal , as far as I'm concerned. 

The bad is that often times you will find less care is being taken with your property, the Section 8 has inspections, which at times can be obnoxious and often times you are renting to tenants with no job or limited employment, so they are home all the time, causing more wear on your house. 

I bought last year my first commercial building, a 12 unit, and it has been very difficult since inception.First year I had a management company that wasted a lot of money and caused me some large losses.

It gets easier with time and just remember as uncomfortable as these calls are, it pails in comparison to the discomfort caused from not making any money :-) hang in there.

Leading up to purchasing my last house I paid it off weekly.  ...I don’t know if that even mattered but it satisfied a concern I had and didn’t cost me anything extra other than a few seconds of time. 

What are the legal ramifications/liability concerns with doing this without an LLC?

Am I responsible for the damage caused by tenant 1 because she's technically removing snow on our behalf?

I'm a newbie looking at house hacking and currently got conditionally approved to purchase a 350K 4plex in the state of Texas .However, the loan officer wants me to write a letter of explanation, apparently to be sent to the underwrites concerning my work history.

Tenants causing you to have to hire contractors after they thrash your rental  LOL