Thanks @Remo F. !

IMO :)   In Equity Stripping are you just referring to cash out refi-ing properties when they gain equity?

The lawyer will not be an expert in that part of the process.On your to do list after the immediate needs are taken care of ... you need to address many f the questions you are asking about the tenants in your lease.

Not only kick the tires, but take a dive into the inner workings, once under contract order a home inspection a completely neutral opinion, my opinion is you want to know everything there is to know in advance, have the turnkey provider complete a Removal of Contingency Addendum during the purchase process for any deficiencies defined in the home inspection.3) Absolutely challenge the PM f you go Turnkey your provider is a one stop shop, they offer the asset from the starting line and manage , you get the supreme level of accountability.

I can get really fantastic terms on the property and from comparing rental rates between market rent and HUD Fair Market Guidelines I think there's a big opportunity in making the deal a Project Based Section 8 building.If we make that deal with HUD, we can refinance and get 90% LTV with 35 year amortization, fixed rate on a non-recourse basis with the FHA 223(F) program. 

No need I can't use the benefits.Biggest issue he said in my view:  Not being a real estate pro gets one out of 1099'ing contractors who you pay >$600/yr.  

I'm curious how the vacancy rates and evictions change between the city (excluding the worst/F-grade neighborhoods) and the moderate income suburbs.

@Eric F. we do rent to people with small dogs.

@Kuba F.

F. ...they approved anyone with a pulse.