Quote from @Peter Morgan: Peter, you need to cancel this lease and get them out.Seven is the absolute maximum occupancy, but you should be very careful about roommate situations.

@Erika Caba I think if at the end of the year when you can evaluate the situation as a whole with everything taken into consideration and are looking at your tax returns if your goals have been accomplished with this building, whether it’s positive cash flow, off setting W-2 income, whatever, then I’d say it’s too early to throw in the towel.

It seems newbies are being sold Section 8 investing as if it's a) some sort of complicated strategy, and b) a silver bullet to de-risk out of state investing.As you and I know, it's neither.I have multiple section 8 properties in Detroit.

However, I find the numbers don’t make sense to invest here so I do all my investments in the midwest, with multiple properties across Memphis and Detroit.

Then multiple 24,000 by 10 = 240,000. 

Sometimes it is better to have them collect and send you the rent so you don't keep track of multiple people and when you impose a late fee it is on them to pass it on to whoever was late. 

Of course, this requires mutual trust and written agreements, but any joint business does.The only situation where a true partnership and an LLC is unavoidable is if you also split costs, not just the fees.

Hi, I’m a newer investor as well with multiple doors across a couple midwest cities (Memphis and Detroit).

I had failed at multiple business ventures before. 

I have a few questions about handling this situation:- should I hire and pay for a plumber to go into their unit to cut open the ceiling and identify the source of the leak?