-The properties are all in Arizona, and I am the capital partner while he is the operations partner.

I’d also recommend connecting with property managers.

Purchase price: $28,000 Cash invested: $25,000 Bought this property in the worse part of town and I have the best tenant in it of my 18 properties.

Is there anything I need to do, or be aware of when buying an occupied property with section 8 tenants?

Then you can read a more in-depth book like The Book On Rental Property Investing by Brandon Turner or The Unofficial Guide to Real Estate Investing by Spencer Strauss.2.

I am considering whether asking  the bank for a loan over the property to use this capital to buy another fix -flip property   Or to sell the property,  ( maybe  wholesaling because closings costs would be expensive leaving no profit left)  I am here to read your ideas on this.

Once you stabilize and raise the rents it would be the hope that the property would appraise for more and the owner would refi and get back significant returns.

I have seen multiple properties with low asking prices and sufficient rental income to cover the note.

If you have a property manager handling it for you, pass it along to the Tenant at cost of the Workman plus the markup of the property manager, whatever amount that is.Spackle is cheap, but paint can get costly especially if two coats are required. 

Specifically, I am unclear what the best way is to organize my subaccount; Do I open a new account per property?