I'd much rather they go to a friend or relative.

It's generally as cheap, a heck of a lot easier, and faster just to have someone do it.As for bookkeeping, collecting rent checks from my P.O. box, answering phone calls... those are all relatively little time with big rewards.I also outsource the tenant placing... 1/2 months rent ($200 - 300) is much easier than driving up 3 - 10 times to show the apartment.

All related.

Those rules deal with exemptions related to the amount of capital and number of investors you intend to obtain.

some good related reading:http://www.biggerpockets.com/forums/52/topics/73627-setting-rent-price-for-section-8http://www.biggerpockets.com/forums/52/topics/62388-section-8-basicsThe adjustment to market rent is what would concern me, since the Housing Authority will make these adjustments periodically, and that could lead to a reduction in your expected rents.

And I reduced hours to part time at my job initially, so I could keep health insurance for a while.

Bobby S,Everything will be prorated to the portion that is related by square footage.

Are you living with parents or relatives and could essentially work pay free in order to learn?

You don't need to get a license, but such classes will teach you what they can and can not do, what is legal and what is not and how deals are done.If you need someone to open your house, have a relative do it, maybe the neighbor or just a friend, but not a Realtor.

I think you may bet getting some higher values because of the oil related activity.