I am under contract for 3 properties, however there is one thing about it, one of them, its located in South Memphis zip 38109 (Mallory area).I know I know I live in Memphis, I know that the area is bad, however I am feeling that the market it pushing investors towards the hoods of memphis because it is getting expensive (even Frayser is getting crazy expensive which I find crazy), I did a few visits in that specific neighborhood and I honestly didn't feel it was really really bad as the rest of South Memphis, I am really not worried about tenants paying on time in my rentals because I always focus on Section8.Was wondering what are peoples insight in regards to investing in those areas with section8 tenants?

There is no way to know what the lending landscape and his options will be in five years from now - that type of loan could still be available or there could be some differences - including nuance with the specific property, location, etc

(BTW, I've created a spreadsheet to estimate the rental income required to qualify for specific properties and am happy to share it with anyone interested).After conducting some research and attending open houses, I found very few properties that meet my financial criteria within San Diego.

How do you know they are the legal owner?

A few specific questions I have are listed below:1.

I don't think it's wise to get involved in their legal troubles, and if they found out their landlord reported them.. think of all the damage they could be.. yikes!   

Would love to conenct to hear more about the specifics and try to point you in the right direction. 

Several of my recent buyers have been medical and legal professionals with high taxable income, that are looking to expand their value portfolios by incorporating an accessible short term rental property (often doubled as a legacy anchor) that will often offset or 'pay for itself,' in tax savings. 

Given the circumstances you've described, it seems you have a strong case for taking legal action against the seller.

Can you provide more details on the specific tasks you wouldn't do?