not sure how it works in your are but where I live water is supplied by a county authority, and I can contact them to have water service changed from on meter to multiple meters. 

It's in their interest to fill vacancies, even though you my opt to continue with it.You have two diverse methods of working with a PMyou sign the contract and hand over the operations to them.you require your authorization for every decisionIf you're pay the bill for the PM, then let loose, close your eyes and collect the income. 

I have written a book on 1031 exchange and syndicated real estate, and am widely considered an authority on the subject.If you are concerned that my posts are repetitive, it is a requirement in the securities industry that we be especially careful regarding sharing information on private placements (DSTs) publicly.

Then you rent it, then refinance getting your cash back out, then repeat, sounds easy, but they left out general lending requirements because the author really isn't aware of financing pitfalls.First, your example, 150K is in a dream land, 35+35=70 with a more realistic range at that auction price would be an after repair value of 87,500, certainly not 150K as it would likely sold at auction for a higher price.

Also, I recommend the estimating book that BP has (I'm the author and many of the examples are from Atlanta):http://www.biggerpockets.com/flippingbook

I did not list the caretaker as a tenant, but I did list them as an "authorized occupant", with the relationship being "Caretaker".  

The owner has had Sec 8 tenants before and the unit(s) were inspected.I Think you need to check with the local housing authority to find these units, just as if YOU were a sec 8 tenant. 

In the eyes of the law and human rights, a tenant has the right to have anyone come into their home that they authorize to do so.  

@Gabriel Miller This is very specific to your city and local housing authority.  

I once read a book about equities/commodities trading and one of the key points that the author made that seems appropriate is that there is a huge difference between speculation and gambling.