On equity, that's hard to project with the myriad regulations about what you can and can't do, and can and can't say.

Can they make requirements concerning the loans they hold for sale or the properties they hold, subject to HUD regulations ?

You can have your partnership agreement, you can do other agreements as well that can govern most any issue, change orders, punch list, time frames, who hires and pays subs, insurance, profits and other issues.Who you partner with always makes a difference, but I'd think as slow as construction is getting a decent partner wouldn't be too hard, just be in a position to hire and fire if necessary.Adam, sorry, missed the insurance question.

State and local laws will govern most of that.

Check with your local Section 8 office to see if they have Section 8 Landlord Briefing , which would give you some tips on the program and the rules.Not all section 8 participants have an income form employment, income is usually from another government agency.

Of course the road commission governs the street and the first 10 feet or so of your property, so no matter what the city and the utility company have protected themselves.

Have the attorney look at the suit as to the nature of the claims.The priority of liens depends on state law and the nature of the lien, while a first mortgage usually has priority they could be government claims, taxes and fines that could take priority.

Ramp up investing to take depreciation so the government doesn't crush my income.

Since 70% of people are retirerees, I wasn't too concerned about jobs in the area, however here's what is going on according to city's chamber of commerce:major public employers are school, library, post office, county government; major private employers are Safeway, a few copper mines, real estate.

@Jerry Kisasonak We started out with the standard government lease which is 4-pages of actual lease and 5 pages of excerpts from the Residential Tenancy Act which explain the obligations of both parties.