@Tamar Mar If you have no interest in participating in the program, there are legal ways to reduce/eliminate the likelihood that you'll have an applicant that qualifies with a voucher. 1.

That is determined by how substantially you participate and the scale of your operation.

@Bradley Bogdan since you are in California and may run into this in the future, I suggest you read this out of the California / Tenant Handbook at http://www.dca.ca.gov/publications/landlordbook/catenant.pdfSuppose that you are a tenant who participates in the Section 8 housing voucher program.

I rarely look at houses before making offers or agreeing to participate in transactions.

If your spouse is part of your business she can participate in the plan and can have a separate account. 

Make sure they send you all the leads as mentioned by Shelly and do some research to make sure the Flat Fee broker is licensed in TX, has good reviews and participate in the Local MLS where the property is located (this is VERY important).

Tenants love it because they don't have to think about the rent at all, and the company has begun to participate in credit reporting, which helps tenants build their credit.

I would like to structure a deal along these lines:1) Sell the tenant his unit for 500k and provide him with 125k for the downpayment for the mortgage he will acquire.2) Create a contract that stipulates:    (a) He will agree to participate in the TIC -> condo conversion (I will pay all fees) (b) The 125k is a call option where if he decides to move, he has to first offer me the option to buy the unit for 375K (500k-125k) (c) If he passes away,  (b) also applies (ie I have to option to buy from whoever inherit the property at the time of his passing)(d) He gets to keep any equity he builds up (think of it as buyout money)Advantages for the Tenant:(a) He becomes an owner and doesn't have to fear being evicted for the rest of his life(b) The mortgage + property taxes + HOA fees would be similar to his current rent (2250$)(c) He gets to build some equity(d) He can deduct interest charges from his incomeAdvantages for Me:(a) My unit becomes a condo and can be resold individually(b) My unit will not be covered by the SF rent controls if I decide to rent it(c) The tenant is 71 years old, so when I eventually regain control of the both units, they will already be condos.

As long as my investors are active participants in the company (LLC), then I should be clear of all SEC regulations. 

I have dedicated considerable effort to acquiring knowledge by engaging with podcasts, reading books, and actively participating in online forums to absorb insights from experienced individuals.Currently, my primary focus lies on Multifamily properties as I aspire to specialize in this domain and develop expertise in its intricacies.