If the tenants destroy the property, then they could loose their benefit (at list that's what the Sec 8 office told me I never experienced it) Also Landlords are allowed to give surprised visit to applicant's current resident prior to approval and if the property is kept in bad shape or they don't allow you to enter and inspect, then you can decline the application.

Recouped the cost in 16 months by giving the charges to the residents.

     We bought our primary residence here in L.A. 3 years ago and currently have $425K remaining mortgage.

It will be my primary residence and owner-occupied.

Along the way the GC and subcontracted plumber mentioned numerous times that they found great news or thought of more efficient solutions (i.e. the mainline plumbing under the basement was intact--that they had assumed was all broken and needed replacing).

If so, I'm curious if you are pleased with the services they have provided as your property managers, and if you are "surviving" with the low returns that their turn-key solution offers. 

We've been using the following system/software and it's been extremely helpful. http://www.transported.co/321-timber-glenn-way-ind...This allows us to virtual walk through's of our properties so residents can understand the feel and layout better than pictures could ever tell them.

He talked about how the average cost of assisted living is 74,000 per year for a single resident in a normal home.

Once you reach the right person, try to approach the owner by offering some sort of solution to the issues the property is having. 

My wife is an amazing decorator and we are toying with the idea of leaving all furniture/ammenities in the house and renting to mid-term renters (people relocating needing a place while they get settled, healthcare providers doing residencies etc..)...I'd really appreciate any feedback from anyone who has experience with this..ideas on advertising, pricing rents, contracts etc....thanks in advanceBrian