What you're selling are lease payments with ownership responsibilities.Next, a lump sum master lease to another investor, $XX for a 5/10/15 year lease.

Maybe the government should disband section 8 and use those funds to match these folks up to home ownership... save them a heck of a lot of money and bring pride of ownership back into areas that desperately need it... you could give them a voucher for tax payments so they don't lose the house... but keep them responsible for the asset through its life.. with a 10 year no sell clause  or if its sold proceeds pay Section 8 first.

Or are they protected by the current lease even if ownership changes?

The property that already shows his ownership on the county website he took possession of one month ago.

bottom line is just rent the place's do not give them any equitable ownership so when they want to leave they just leave instead of claiming an ownership interest.

Do not transfer ownership to anyone in a shady deal like this.  

True that currently, my schedule will not permit me to be personally involved in any sort of rehab or similar pursuits, but it (likely) won't always be true and ownership is simply something that I'm passionate about. 

I'm looking at my first 7-unit deal & if it even comes to fruition, I have a PL lined up to put down the down pymt in return for an interest rate & 1/2 ownership.

To be honest, even though I'm only a renter, I think I may know a bit more about land ownership than my landlord in some capacity.

Before deciding to just let the bank foreclose, I stepped in and offered to assume ownership of the property as an investment.