I know about assigning the option but what if I have a constructed a fair deal with both seller and tenant buyer where there is a good amount in difference between the two option prices, how do I avoid being cut out from the bank?

We're looking at houses and my boyfriend has experience in construction but not termite inspection per se.

Unfortunately I think you will find that section 8 cares more about their tenants than the landlords.I have gone the route before of section 8 violations and the case workers do nothing.You simply have to evict the section 8 tenants.Mine not in compliance went voluntarily.It was a case of one great tenant next door had a small child care facility of watching 4 to 5 kids.The section 8 next door that were inherited tenants I received upon inspection had a pit bull and a rottweiler.They were told that was a violation of their lease.We evicted and they said they had gotten rid of the animal only to find they were hiding it and was back again.The parents dropping off the kids were scared of the pit bull for the day care next door.This tenant also had a portion of utilities they were responsible for after the voucher paid.They went round and round not understanding why they paid the difference etc.I can tell you when you look at section 8 it is great as long as you pay attention to the voucher.If you want to rent for 800 and the voucher is for 500 then don't do it.They simply will not make up the difference.If it's only 50 bucks they have to come up with then they can usually pull it off.Section 8 inspectors are real picky on all the things they want fixed before you pass inspection.If a tenant wears down a property heavily each year and you have to put a ton of money in to pass inspection each time that is a consideration.Don't be quick to evict the other regular tenant.You have to treat them like a person with a mortgage falling on hard times.

It varies a lot by the construct and the company.

Once we were locked into contract I spent 6 hours with an inspector, looking over every square inch of the house.

I actually own a small construction co. and have recently chose to only use my crew in this area..I am building a website that will incorporate the neighborhood on certain pages, one of which will be a page that posts photos of suspicious activity.

Ive been on the phone with inspectors all morning.

As an investor, are you looking for anything unique in an inspector that an owner occupant wouldn't be concerned with?

I'm thinking of checking out Phoenix and Vegas because they are pretty close to San Diego & have prices below construction cost.

We still have new construction (even tear downs) going on in the city, so it can't be all that bad.