Living as a landlord next to your Section 8 tenants would make for interesting televisionI'm curious how this plays out.

Hey BP,I am playing around with an idea in my head today.

The idea there is to level the playing field and afford protections to borrowers who may not be wise to ways that less than honest lenders may take advantage of the borrower.After a loan is purchased, RESPA requires a notice to the borrower for any transfer of servicing and a certain amount of time for the grace period to the borrower to adhere to the change.  

It really comes down to what your property management process is like (as others have mentioned above) and Chicago heights is a neighborhood that you have to take into consideration from a block-by-block perspective; it isn't the greatest area from my experience thus far and as Mark has noted above, school district also plays a part in this as well.  

Granted, it's a nice thing to do but, to play devil's advocate, would it be worth the opportunity cost?

I'm just playing devil's advocate here.

What are some other ways I can play the cards I've been dealt?

I will play around with the spreadsheet and calculator and report back. quick question- I would assume that the security deposit should not be included in any calculations?

. : )I would like to hear how this plays out.

Since then I have concentrated on nothing but the Bywater/Marigny area.If you want to play below St Claude, you are going to pay, dearly.