But the mindset contines- one of the largest PMs on here says the contract releases them from liability and no money for site checks.

Based on your income you are going to be limited to a purchase price of $200,000 or less. 

It has been often suggested here and elsewhere to pursue something that keeps a toe in the water of the working world, as it limits the downside risks, and could turn into a fruitful enterprise for post-retirement.At the request of a friend and BP associate, I've been asked to provide expert opinion and electrical analysis on residential properties that are either on the market, or recently sold through his brokerage, as there are many customers who want a deeper look at their electrical system, deeper than what a typical home inspector will do, but they are not ready to ask a contractor to come out and simply give a blank check to 'fix whatever's wrong' (famous last words).

Does anyone have any advice as to were my liability runs here?

Does anyone have any advice as to were my liability runs here?

Sky is the limit.

Then there is the, what if your situation changes and now your limit is lower all of a sudden and you are mid purchase or mid renovation. 

Looks like a nice town, but one that probably has limited economic prospects.   

Any property that has reached that financial situation is a liability and has reached it's sale point.I would be looking to sell and reinvest in income producing properties.The exception would be faith investors that rely entirely on appreciation and have the deep pockets to carry a negative income investment property.

I think the limits only apply to what the Section 8 program is willing to pay, not what you can charge.