Buy with a sub2, then lease option it to a retail buyer with poor credit.

You need to get all the information necessary to make a decision on how much you'll be able to offer on the property.

Poor credit history can make it more difficult.

Yes I have seen section 8 be in a constant flux of change.If the tenants income increases then section 8 adjusts the voucher amount.Also here you can list in the lease that the tenant pays a certain amount of utilities and that is fine.Some section 8 areas they will pay 800 for a 2 bed but then all of a sudden readjust to start only paying 700 which is not market value.These section 8 tenants never make up the difference from what I have seen.So you accept the lower rent or evict them and get a regular tenant for 1,200 more a year in cash flow.I don't know with the election and many government programs in flux how stable section 8 is currently.Might be a bad decision to base many of your renters off of that income stream.

Explain to them the consequences of not paying rent and let them make their own decision.

One major issue is not having clear expectations of who is going to do what in the business and how decisions will be made.

Finding yourself in the middle and then wondering what to do shows poor planning and execution.

When the court renders a decision on the landlord’s claim for possession, it shall distribute any rent paid into court under subsection 1 upon a determination of the amount due to each party. 4.

But the actual years of experience might break down as follows for a really sharp person. 6 months of unsecured lending studies, law, contracts, income qualifications. verifications and due diligence, understanding tax returns and underwriting aspects of continued employment, credit, assets and forming a good lending decision.

It's obvious he isn't going to get the work done, and needs to make a decision.