Investors should fully understand that Section 8 is not a cure-all for Class C & D tenant challenges, it's just trading one set of problems for another.We see too many investors not doing enough research to fully understand all this and making naïve investing decisions.DM us if you'd like to explore investing in Detroit!

Yep as mentioned those who do direct lending like Jay and myself know what is done and what is not done and a video walkthrough gets it done in many occassions.

Seems like you're getting the worst of both worlds if you don't realize asset protection and add complexity/cost of an LLC. if you want anonymity the land trusts are a better vehicle.

Treating the tenants like humans will go a long way in the longer term.

And I don't like extreme humidity.

You can skip trace and build a list like this using a property data site.

How do I access a portion of that equity to fund the purchase of 1-2 more MFR properties in more affordable markets like OH, IN, MI, PA, TN, or AL?

In the meantime, I have to pay taxes and would like to know how to report it and see if I can avoid taxes as I will need to put money into the dwelling repairs.Also, if you can recommend a tax professional who specializes in rental/settlement cases in Florida, I would appreciate it.Thank you in advance.

But in many cases, at least here in SoCal, it's many times a situation where the land owner essentially abandoned the parcel for reasons like bad zoning, little-to-no access, irregular shape (i.e. triangular) that makes it less efficient, environmental challenges, topography, etc. 

Try doing like 20+ properties in their portfolio $7-10M minimum portfolio value and a purchase in the last year to show that they're active.