@Antonio Daniels 1-there are no different standards for screening...what you will find is that they will likely not meet your earning requirements (like 3x rent)...so you have to make exceptions...they also have very colorful backgrounds for the most part...after screening hundreds of section 8 tenants, definite patterns will appear...if you have a credit score requirement, odds are they will not meet there either (but there are fantastic voucher tenants out there as well...I've rented to nurses and other professionals with a voucher do to having a disabled child that needs a lot of services)...the one thing to be aware of is not treating them differently because they have voucher...2-The inspection depends on local authority, but the standards are the same...this is a federal program...so Housing Quality Standards (HQS) is the guiding document...how an inspector interprets that is another story...https://www.hud.gov/sites/dfil...3-Usually you will only have recertification annually, or possibly at an income change or a request or complaint...4-100%, it's one of the best sources of long-term steady income out there...I'll take a section 8 tenant over a white collar A-class tenant any day...plus you are helping to house the most vulnerable and underserved population out there.The bad things you hear about section 8 are from folks that do not understand the system and how it works, or want to be slumlords and not take care of their properties...or are ill prepared to deal with people in general.

And problems are going to happen no matter how much you prepare and you have accept it.

And problems are going to happen no matter how much you prepare and you have accept it.

I'm new here and to real estate investing, and still trying to learn as much as possible before getting into it and purchasing my first rental property.I'd love to learn more about the types of loans there are, so I could prepare and know my options better when the time comesSo if you have recommendations for a good book or other resources of information to learn about loan types (like The Book On Tax Strategies - for taxes) I'd love to hear about it!

WDOs, water tests & sewer inspections not required.Disadvantages:1. 

Demo & AsbestosWe have demo scheduled in a couple weeks, however, prior to starting demo we decided to get an environmental study to test for asbestos in the building materials.

If you're a year out, make sure you know where your 2020 tax forms are, and be prepared to keep your 2021 tax forms.

Well you can test the water by setting your prices higher for anything beyond say 6 weeks.  

I don't use a column for Balance because I don't care what my balance is.Then, all you need to do is send your Excel file to your CPA and if he is worth half his weight in salt he Exports your data to to his Quickbooks.That is all the small operator needs and it will stand the test of time for many years.I used Quicken when the first PC's were invented.

Getting started in real estate can often feel like we're striving to be that straight A student that never gets less than a 98 on a test.