In addition, you need to make sure you have the proper paperwork and you set them up correctly.

My vision is to have an additional sources of income.

I'd need to do a master suite addition to be certain of exit values around $500k but the home previously had a swimming pool and it was where the addition would be.

The additional 14 people were not accounted for in the booking. 

Help them to decide whether to knock property down and rebuild and hold OR just do some additions completely gut and remodel and sell. 

I never was involved with much of my dads work growing up, so I'm starting from a point of minimal knowledge.  

If you decide to pass through, just make sure those additional net profits don’t move you into the next tax bracket.

You'll be a great addition to the forums with your experience!

Of course, you can definitely prevent this (or minimize the risk as much as possible) by having appropriate screening in place.So it sort of sounds like there would be no incentive to an owner to replace section 8 tenants. 

If the lender wanted to sell their loan, they would have to take a loss because of this defect.There are lots of schemes and ideas on how to avoid or minimize the risk that a lender (especially, the big banks) will follow through with calling a loan due because of violation of a "due on sale" clause.