Section 8 - Duplex in Cleveland, OH
I'm in escrow to purchase a Section 8 duplex that is fully occupied. I'm trying to understand the process of transferring the Section 8 Designation once I close. I've gone through the Section 8 Training presented by the CMHA and using my network I understand that I need to set up an LLC to transfer the property into so the CMHA recognizes that asset. If anyone has been through this process and can comment on the approach that I'm taking and can add some advice or pitfalls to avoid...it would be greatly appreciated. Thanks!