I am a rookie and I am ready to begin finding my first rental property.

You will start to get the hang of it and put processes into place to stop or change the situation up, or just not buy the property because you know what they may run into. 

Had a pre foreclosure property under contract and had assigned rights to buyer for an assignment fee.

We have a logo and a company name for all our properties, we look like a business. 

I have a MFR developer client that must be a multiple 100s of millions in net worth(a few thousand MFR units in Socal alone), he signs personally as the president/owner for his entity(ies).

Currently, based on a market evaluations, I have about 50k equity in the property.

In July, the U.S. commercial real estate market experienced mixed results, with property price gains slowing, particularly among individual investors.

Hi Wonderful BP Community, I am in the process of acquiring an out of state property for mid term rental.

Most properties in liveable or renovated condition receive multiple offers.

Whether you do that or not I don't think that will solve your problem (and I would generally recommend against it if it's a decent property as lots of Section 8 units together concentrates poverty and can bring a property down; yes there are plenty of good Section 8 tenants but we're speaking in aggregates here).The big thing you need to do is find a way to get all of the problem tenants out.