However, from personal experience I would reach out to the HUD section 8 department to give them a heads up about the sale of the property. they will send you a packet to fill out but can't be completed until the new tenant has signed the lease or the current one is transferred into your name.

I'm personally a fan of C-corporations, though they are also complicated.

That being said, we have now run into a strange situation where I am not quite sure how to proceed.The tenant in question funnily enough happens to be my neighbor, as I own several units on the lot and for this reason, I have managed it personally over the years unlike other assets in our portfolio.

It worked.https://www.bankrate.com/personal-finance/debt/debt-payoff-c...

currently have just over $1m to use and am looking at diversifying between a personal real estate rental property to get that 1% monthly rtp, a commercial developer fund that yields 8% a year and 4% after they sell (roughly 4 years after investing), and a managed fund that is liquid and yields 5.5%.  

With that said, a lot of management companies that are larger are constantly churning through what is essentially an entry level position, and I doubt there are that many folks checking the random person who goes just over 2 years before getting licensed.

Your mortgage person can do it, too.

I am personally opposed to buying crappy homes in bad locations.  

Thanks again and I look forward to working with you@Enrique Laguna I can highly recommend working with Jody from personal experience!

If you are working directly with sellers, my best piece of advise would be to find out what they need, generally there is a pain point or some sort of distress either in the sellers personal life or with the house itself.