Deed of Trust Reference Number7.

If using the app worked out well, I would consider offering regular payment as an option, but I doubt people would want to pay the convenience fee, as most of these tenants live paycheck to paycheck

For this purpose, just divide the annual net operating income (50% of gross rent) by .09 as the high end, divide NOI by .11 as the lower end of your potential range.Also, ask an agent to do a BPO/CMA to provide a point of reference.

Unfortunately I think you will find that section 8 cares more about their tenants than the landlords.I have gone the route before of section 8 violations and the case workers do nothing.You simply have to evict the section 8 tenants.Mine not in compliance went voluntarily.It was a case of one great tenant next door had a small child care facility of watching 4 to 5 kids.The section 8 next door that were inherited tenants I received upon inspection had a pit bull and a rottweiler.They were told that was a violation of their lease.We evicted and they said they had gotten rid of the animal only to find they were hiding it and was back again.The parents dropping off the kids were scared of the pit bull for the day care next door.This tenant also had a portion of utilities they were responsible for after the voucher paid.They went round and round not understanding why they paid the difference etc.I can tell you when you look at section 8 it is great as long as you pay attention to the voucher.If you want to rent for 800 and the voucher is for 500 then don't do it.They simply will not make up the difference.If it's only 50 bucks they have to come up with then they can usually pull it off.Section 8 inspectors are real picky on all the things they want fixed before you pass inspection.If a tenant wears down a property heavily each year and you have to put a ton of money in to pass inspection each time that is a consideration.Don't be quick to evict the other regular tenant.You have to treat them like a person with a mortgage falling on hard times.

I get regular reports from Corelogic and one of their guys called me today to see if they could provide any additional info.

Nice thing about ETC is the bill pay feature as it allows you to make payments w/ no extra costs for regular processing.

Hopefully I'll end up giving them a good reference as tenants, and visa versa.

He should be advising you and working with you regularly to help plan and save.

Joseph M Thanks for the reference on oakland, i plan to read that tonight, and Jake Kucheck, you are exactly right, while I 100% believe that it is a sound investment, I think im more driven by the fact that i have an opportunity to make an impact and leave my footprint.

-Steven the Tax GuySteven, Please refer to the following excerpt from IRS Pub 523.