While a property may have had a Section 8 tenant residing in it at one time, the process starts all over with every new tenant.Screening a prospective Section 8 tenant should be handled exactly the same as when you screen a non-Section 8 tenant. 

The intent is you reside in the property at least a year.

I now understand the island dynamics pretty well, i am also a British virgin islands resident.

While waiting, we are thinking if we should do cash out refi on our primary home to pay off the two rentals since we have so much equity in our primary.

Investment Info:Single-family residence other investment.

Investment Info:Single-family residence buy & hold investment.

All-in-all my equity value in the house would then be roughly around $150,000.

After learning more it might be favorable for me to sell my unit since it is my primary residence and I have lived longer than two years. 

Trying to decide if i should cash out refi the one im living in or sell the rental property and take the equity to get a new home, and rent out the current home im living in leaving me with one rental.

One lender I had said they will send an inspector to confirm completed work, but never actually did.All of my lenders did require me to start with my own capital for the rehabs costs, and then reimbursed 80% of those costs, so I was effectively always 20% equity, if not more, in the deal.