In the future she plans to either move to the US (there are a number of ways) or just visit me from time to time and stay for a few months in the US.She wants to take advantage of our low housing prices, purchase a house, rent it out (rental income is not that important to her but it would be nice if it at least covered expenses on property tax, utilities etc.).Off course, she is going to pay cash, and I am ready to help her as much as I can.

We recently helped some friends move after they had been foreclosed on, and had utilities turned off.

Unfortunately I think you will find that section 8 cares more about their tenants than the landlords.I have gone the route before of section 8 violations and the case workers do nothing.You simply have to evict the section 8 tenants.Mine not in compliance went voluntarily.It was a case of one great tenant next door had a small child care facility of watching 4 to 5 kids.The section 8 next door that were inherited tenants I received upon inspection had a pit bull and a rottweiler.They were told that was a violation of their lease.We evicted and they said they had gotten rid of the animal only to find they were hiding it and was back again.The parents dropping off the kids were scared of the pit bull for the day care next door.This tenant also had a portion of utilities they were responsible for after the voucher paid.They went round and round not understanding why they paid the difference etc.I can tell you when you look at section 8 it is great as long as you pay attention to the voucher.If you want to rent for 800 and the voucher is for 500 then don't do it.They simply will not make up the difference.If it's only 50 bucks they have to come up with then they can usually pull it off.Section 8 inspectors are real picky on all the things they want fixed before you pass inspection.If a tenant wears down a property heavily each year and you have to put a ton of money in to pass inspection each time that is a consideration.Don't be quick to evict the other regular tenant.You have to treat them like a person with a mortgage falling on hard times.

This bulk REO-to-Rent buying started with large banks, and is now being extended to the GSE's (Fan/Fred/HUD)http://www.housingwire.com/node/32233http://www.gipartners.com/news/waypoint-real-estate-group-and-gi-partners-establish-partnership-to-build-single-family-rental-

Every state has its own guidelines that establish procuring cause.

I would bet this building has 15,000 square feet of hard to utilize area -- warehouse space in primary retail area, second floor area, back lot, etc.

. $1000 annually), and utilities (not sure at the moment)Question #1.)

What about utilities (when the units are empty, I assume you'll need to pay for these)?

Or utilities?

You can read it here, if you like: http://www.grantland.com/story/_/id/6874079/psychic-benefits-nba-lockoutThe point is basically that NBA teams are typically awful businesses, yet shrewd, wealthy business people buy them, so there has to be some type of intrinsic value or non-financial utility that owning an NBA team provides to the owners, otherwise all owners would sell and the league would eventually shut down.