Fair observation...he wants to recycle the capital sooner...unit by unit...maximum IRR. 

Other than that, if someone has an analysis addiction (like many real estate people do), I would think that it would be a moving target requiring evaluation often to fulfill the need to always get the very best deal / to ensure your are getting that last drop of benefit.

They are cash flowing fairly well. 

In addition, if the investor holds the investment in the Opportunity Fund for at least ten years, the investor would be eligible for an increase in its basis equal to the fair market value of the investment on the date that it is sold.

I have spent a fair amount of time on the BP website reading everything I can get my hands on, including the Ultimate Beginners Guide, which I found to be a great place to start for a newbie.

I'm new to the Section 8 program and I've done a fair amount of internet research but still can't find definitive answers on how to apply for section 8, assuming that I need to. 

Right now I pick up the rent check just to check on the house and ensure I get a check in hand on the 1st.

Think of all the damage an occupant can do vs. one that is getting paid a fair price to pack and leave quietly.

Then look at how much square footage the comps in that same area have available and it should give you a good starting point on if the project is in a good market.Typically I have seen the 1 mile radius is usually oversupplied and the 3 and 5 miles radius should be fairly under supplied. 

You should be inspecting the property at least once a year to ensure they're taking care of it and you want to keep them around.