However, I've only heard of one person getting shut down, likely because they were not running it well and the tenants complained to the city. 

Given this new law it concerns me as a buyer and I want to know if agent fees can be written off whether through a personal deal or through an LLC.

Hey folks, so this morning one of my colleagues posted (from another person) some reasons why sec 8 can be very difficult.

Couple things to check for:- Check to see if the applicant's name, address and personal contact info matches across all information you receive like credit check and ID to make sure you are dealing with who they say they are.- Have a set of rental criteria you are looking for and compare against that criteria, like minimum ratio of income to rent, minimum credit score, etc.

Set a goal, work backwards, and create a realistic strategy based on your personal abilities.An aggressive investment strategy can get you free from your 9-5 in about 3-5 years.

I don't use really personal cards for anything anymore.

But I think the underlying tone, that has been made clear at least once, is that if it was a lucrative strategy, more people on BP would do it and discuss it in a positive light.Here is my personal experience:In the 90s, there were a lot of late night infomercials on this.

I personally invest here for both the cash flow and appreciation.

My personal trusty cash flow analyzer has served me well for my own deals, but it’s upgrade time for something with more oomph.

The subdivision goes from 150k to 1 million in price.If your friend owns other properties that are trophies I would definitely cross-collateralize some or all of his other properties and get a personal guarantee.