I have not yet rented to Section 8 tenants, but have had so many inquiries from people with vouchers that I did investigate some of the details.

In the operating agreement you can define in detail the roles of each party and whether or not they can be involved in day to day operations.

Do you have details about how this worked out for those who chose to keep the money rather than rebuild?

As they say, the devil is in the DETAILS!

Bill Gulley - having read other posts from Eric, Eric Michaels is already an experienced sheriff sale buyer, so he kind of knows the basics; he was trying to get specific details for Indiana, from somebody who might know Indiana.

Get the details and understand the risk.

. :)Hard to say without knowing all the details of the appraisal, but it looks like there might be something there in this deal.

I always check www.Loopnet.com, CoStar (very expensive, but detailed) most agents will not have this on the residential side.

You will see the owner listed in the tax records . you can then go to search by name and put the name you found. if that owner has more than one property in the county they will all show up 'Don't know if your county has a site but if you post the county I will check it out and provide more detail for you.If you google Toledo Ohio auditor you should net some results.

Its a small niche, but the right circumstances and the right property, can be a worthwhile investment.