The section 8 individual sent me her application back first.I have already called HUD and am waiting for inspection.My question is- can i send the lease to be signed by the non-section 8 person or do i need to run the entire section 8 process because I received her application first?

I created my own Numbers (mac version of Excel) spreadsheet to calculate Cap rates and ROI  since BP's calculators are limited in the number of inquiries you can run without having to pay.

Do you have to pay taxes when you receive the funds?

I already have an excellent manager in place.

After having a few banks evaluate the property and receiving strong indications of a favorable LTV and interest rates I decided to move forward with the deal.

Then you sit back and your IRA will receive interest payments or payouts based on the terms of the note. 

According to the CCA rules and regulations for the city of Cleveland:5:01.I "Any person receiving rental income from any property must file a return whether or not there is any tax due."

I've received 5 quotes now but there all from the bigger name brands and the price is high.

i hope so. i asked for documents and pipe diagram but i havent received any. mortgage bank ordered appraisal so I assume they would check everything is legal, no?

If you do not inforce rules do not make them.My solution was/is to issue a notice on the 2nd if full rent is not received by midnight on the 1st and tell them that repeated late payments will result in a eviction.