More details:Mortgage (principal + interest): $2930/moProperty taxes: $15K/yearHome insurance: ~$1K/yrCost of home ownership/month: $4280/yr (not counting for any tax deductions related to the interest and property tax)If I account for $20K of interest and $10K of property taxes as an income deduction, then I can reduce the cost by ($30K x 35%) divided by 12 = $875 per month = $3400/mo cost of owning the houseRental income after 35% federal income tax + 9.3% state income tax = $2618/month (!!)

The IRS is another bureau of the Treasury.That being said, the IRS would have access to the info, as would other areas of the US government.A Federal court in Alabama did rule it unconstitutional very recently.

Here are a few key things to keep in mind:Understand the program: Section 8, also known as the Housing Choice Voucher Program, is a federal housing assistance program that helps low-income families, the elderly, and people with disabilities afford decent, safe, and sanitary housing.

There is money out there federal or state, county, etc.

State and federal and maybe self employment. 

Now you'll probably here a number of naysayers tell you that" according to federal regulation such and such with the Dodd Frank Law blah blah blah you can't get a mortgage loan for under 60K." 

if she is, she has no tenant rights and can be evicted quickly (on a Federal level, state or local level may have different rules).

3rd federal savings and loan might do it they are based in OH however I think they want to be first loan holder so it would need to be paid paid off free and clear also I was told they have a heloc that they will pay a portion or all of the closeing cost I used them on my prime residence vary good rates however the rep I worked with was very vary slow with responding and pushing things along good luck I will be doing this same thing on 2 rentals soon so be sure and post what you figured out thanks

Not as many complexities with a few rentals, but there can still be significant issues depending on entity structure - even if they are all "disregarded" entities for federal tax purposes.If your W-2 is your full time gig, and they are all passive long term rentals, there very well could be likely not a lot of active planning to do on the real estate side, outside of getting some general knowledge out there, having some longer term plans, and ensure deductions are being maximized in the isolation of those 5 rentals.

Similarly, the Federal Home Loan Mortgage Corporation's 30-year fixed-rate fell 62 basis points to 6.82 percent.