It's very easy to make a pro forma, it's a different thing to have those numbers actually be true in practice.

This goes back to the "if it sounds too good to be true it usually is" theoryThanks for any and all inputNick

Verify with your accountant who the true tax payer for the property is.

Looking at it from another way, if you do the deal and your worst fears do come true, what's the downside to you and do you have an alternative to selling?

Haha sewage to some smells like discounts to others, very true!

I think it will be a bumpy ride for the next few months no matter the outcome in the end.the shift to section 8 would take a while but some folks may lean that way more in the near future as they feel it is "safer" although i am not sure that is entirely true. 

Not one round of mailers, not a few phone calls here and there, not a half-*** website, but a true commitment. 

Anyway, if that’s true, it pretty much eliminates all of residential and recreational ideas you mentioned.

It is so true that you need to screen the tenants!

I only invest in STR's in TRUE vacation rental markets rather than metro markets.