I sought seller financing, but they declined (don't think they're fully informed on benefits)Validating taxes, insurance, seeking pre approval letter this week.Plan on raising rent $50-100 but wondering the challenges that might arise since both are section 8.  

May be best to get the feet wet close to home should the right deal arise!

He proceeded to explain to her the potential problems that could arise from not addressing this.

My point of concern is the liability that may arise from a holder of a note trying to work with a loan originator to refinance a borrower and how all that comes into being.As the Mortgagee you are bound by certain privacy restrictions the origination documents may have put in place on top of customary privacy restrictions for such things.  

Everyone is so close and pays for the common space so conflicts can arise easier if they notice lots of different people coming in and out of your unit.

I've never had this situation arise before and I'm looking for advice.

BiggerPockets has a team dedicated to customer support and helping out with these types of issues as they arise.

There are opportunities that arise in both asset classes. 

After awhile, when we acquired enough homes and the reserve account got pretty fat, I've been less worried about this since it is highly improbable that all homes become vacant for one year at the same time; aside from that, only about 30% of our portfolio has any leverage on it - the rest is cash-owned, so the homes themselves are reserves of capital should the need arise.

Stay on the forum for knowledge, encouragement, and as questions arise - so when you’re in a position to make a move, people can help you evaluate any deals you will be looking at.