I no longer live here but know alot of people from here and there is a Non profit that owns 7 duplexes that are all 1bed/1 bath.

The reason I ask is, what if you started non-renewing the Sec 8....granted you lose that "guaranteed rent" (heh, ask me about THAT sometime), but if you can get it up to market rent gradually while reducing expenses, this deal may still work.3) Cash flow & NOI are key components that determine the market value of multi-unit/commercial property. 

I examined the area and with the help of one of my tenants i discovered that there was a large crack on the bottom of the tub but it had gone unnoticed because there is usually a non slip mat over it in the tub. 

If using a lender this is a non issue.

I can't speak to the audit rates of other firms, but I do know that several non-forensic firms have been put out of business because they have failed several audits.

It is important to do this when owner occupied because loan terms are better for owner occupied than non-owner occupied properties. 

1.Knock the door.2.Skip trace the owner.Just a thought....if you can in fact buy at the tax sale you may get it cheaper and with non-governmental liens wiped out....but perhaps with a right of redemption.Before the sale you might pay more, but then maybe you are the only bidder and no redemption period.

By "professional landlord changes things" did he mean that you would now be considered a real estate professional and therefore eligible to take advantage of real estate losses vs a non-real estate professional?

There is a lot of discussion about wholesaling, rent to own, and other non traditional investing methods 

need strong active and experienced alpha male type manager who will vidit walk thru inspect monthly . most downtown lewiston is sec 8 and non working adults. a large population of class d houses that are damaged and tenants here work eviction court system every Wednesday.