If you are continuing to pursue this, I’d suggest having an attorney experienced in environmental issues assist you in the negotiation and due diligence.

Someone I know owns section 8 properties, he doesn’t have any issues and the rent gets deposited directly to his account.

However, there are issues that arose in which we may need to sell immediately due to possible developments going in which could damage the homes value. 

Hi Mitchell,From our experience we haven't had any issues renting out properties to different residents that have a single family home and a garage unit conversion on the property.

These loans DO meet my criteria, so I feel they are safer than many of the funds I looked at.If I'm in a state, like Texas, with great foreclosure laws, this, for me, is no more risky than buying the property for all cash at the price point equal to the loan balance.

The issue I have here is that once those funds are gone in a few years, we will then have to cover the entire cost myself (~3k) for an indefinite period of time.The other option is convert it to a rental. 

Hello, my wife and I co-own a rental property in an LLC with her parents (my in-laws).

I would then sublease the property to a new tenant for $4,300.I would take care of all repairs and any tenant related issues.

You can guess based on last year and add or subtract any changes, but that too comes with issues.

Some might have a strong NNN tenant in place with 10+ years left on the lease, and it might be a big corporation that you can take to court if they ghost on paying their rent, while others might be office suites broken up into small offices on 6-36 month leases with shaky tenants like a nutrition supplement MLM that uses the office for 3x a week rah rah meetings on how to recruit more people into the pyramid scheme, that are immune to law suits b/c you can't squeeze juice out of a rock.