I used to get seemingly friendly, but actually condescending remarks from the now McMansion people who were "so concerned" about my future.

One major advantage is you know you are going to get at least part of the rent each and every month.However, these are all run locally and the standards, responsiveness to landlord concerns and issues varies widely from place to place.I don't have any section 8 tenants.

That being said, I have my concerns about a big corporate "dude" coming in when I am a farm boy and should be able to associate with the land owners for sure.

Also, is the knob & tube upstairs something of serious concern?

I'm not concerned so much about keeping the $1000.

But, yes, the concern is that you have to evict the tenant buyer can claim they have an equitable interest in the property, forcing a foreclosure rather than eviction.I've also heard of stating in the option agreement, where rent credits would be covered, that any late payment results in all rent credits being forfeited.

What does it mean in the IRS auction if they state "Only the right, title and interest of the Taxpayer in and to the property will be offered for sale." Is that saying that they are only selling the tax debt, but not...

At that point, any concerns with the property will apply.

The one in North Hollywood we are getting $1,800 / month and it is leased to At&t and one in Northridge is leased to T-Mobile and we are getting $1,850 / Month.

I understand the concerns, and know that It is due to all of the "cash back" programs and appraisal fraud of the past.