Here's an interesting fact.Howie Hubler, guy responsible for arguably the largest trading loss in bank history, is now an enormous owner of section 8 properties across Gloucester County. 

Thanks Chris and Jay for ur response...really appreciate ur feedback ..Which firms does legitimate syndication and how do I go about handling the PPM for the investors ?

Perhaps I should charge more, however the tenants are responsible for all of the maintenance.Here's where it gets interesting.

I am a slow burner on this project.

She had sent out yellow letters and gotten a response from a realtor who was representing the homeowner and she wanted advice on how to proceed.

The water authority is required to give you notice if the tenant is behind on their utility bills to be able to hold you responsible. 

I wouldn't say I'm unhappy, I'm just thinking about future deals and maybe just being over cautious as I don't want to invest in a bad deal and have it slow my growth when it comes to building a future portfolio. 

@Dmitriy Fomichenko nice, detailed response!

They just want to be out from under the monthly payments (PITI + HOA) and responsibility for the property.- Home needs about $8K of rehab and upgrades to be rent ready.- I come along and offer to do a Lease-Option Purchase @ $67K, taking over the monthly payments, handling the rehab and paying for it myself.

@Mike Hineman Sorry for the late reply, for some reason I didn’t receive an alert of your response.