I really don't see any benefit working with a direct lender unless you are making a higher margin on the rate.

Will Texans get any real benefit from it once its sold out???  

I'm still in the learning phase and honestly likely wont be ready to invest until the later part of next year (taking care of some bad debt). 

in my market, the benefits of Section 8 are outweighed by the incompetence of the local Admin. 

@Ashish Acharya That’s a great breakdown — I hadn’t really considered how much of the tax benefit gets lost when everything’s already rehabbed and rented.

Do you have any examples of financing deals you've seen beginners close on which ended up benefitting both them and the seller?

Once you’ve got the account, you’ll want to make sure every investment is set up correctly so you can take full advantage of the tax benefits.

The phase-out schedule goes 100% in 2022, 80% in 2023, 60% in 2024, 40% in 2025, 20% in 2026, and 0% after 2027.

It also comes with a restaurant that hasn’t been in service for 40 years, but the structure is in surprisingly good shape.Here’s what I’m thinking through so far:Standard due diligence: +Phase 1 and 2 environmental, city plans/zoning, health department approvals for bringing the restaurant back online.Talking to the Army Corps of Engineers and the local harbormaster about dredging (not something I’d do immediately but want to know long-term outlook) and figure out generic cost for budgeting purposes. 

I think $1,500,000 is a decent retirement savings where you don't have to go crazy and live a decent lifestyle.If you can make 6% to 8% annually, hopefully you can rely on $20,000 - $30,000+ of social security benefits which gives you $100,000+ of annual income.If you find your money getting stretched, sell the house, and put the net proceeds into the stock market / real estate and then rent something.