The quick good/bad of Section 8:- S8 tenants tend to be rougher on the property (but not always)- Paperwork/inspections/etc. can be burdensome and tough to navigate (especially initially)- People often think FMR rates are guarantee rental rates but that's not the case- Usually the rent isn't 100% subsidized and a lot of people don't realize this- S8 tenants tend to stay a lot longer than cash tenants- Obviously, the guaranteed rent portionOverall, I'm neutral on the program.

Quote from @Jonathan Greene: Asking questions this open-ended with no background is just reverse trolling.

Would this just include all LLCs (since all LLCs are corporations), or do they specify an LLC with specific criteria since by corporation they mean non-LLC corporations?

Would a property like this be better suited for long-term or short-term rentals in your experience?

I want to try to be able to BRRRR this as well. 

Looking for some advice on how 1031 will view rehab costs/ ARV on something like this? 

This requirement may be waived if there is a valid Resident Agent (point of contact) located within 25 miles of the Town of Baileys Harbor, in such a case, the owner/operator shall provide a copy of the Resident Agent contract to the Town and notify the Town within 30 days of termination of any such contract. b.

However, this method often fails because it doesn't account for operating costs.

So you'll have to find agents who knows how this works.

This means back stairs, fire escape, usually things that nobody wants to pay for in the neighborhood of 15-25k.