Maintaining an affordable housing supply is a vital component of the American economy.

(Numbers are of course made up since you didn't supply any)

Also, what does the umbrella insurance do versus the regular insurance policies?

Or do you just bite the bullet and get regular expensive coverage? 

And I really need to start seeing this business dole out regular and predictable profits instead of holding them forever. 

Hello,I'm in Missoula Montana, where we've seen a crazy amount of appreciation and supply remains very low.

You've got a good bit of feedback here that covers that gamut of what you generally hear around Section 8.I like it for guaranteed rent, long tenancies, higher rents in some areas, added accountability through the S8 program for the tenant and supply/demand gap which means I can attract great tenants by having nice units.A large number of the issues you hear around Section 8 can be fixed with excellent, thorough and strict screening, including a home visit at their current residence as the last step of your process. 

We travel regularly to visit the properties but I believe that is very important in maintaining a strong asset. 

If a particular person has the right feel and starts giving me regular work (i.e., I know I am not just being used) then I would go to the next level and give them a slightly more itemized bid.

We would require renters insurance.Now we have regular homeowners.