I am helping some friends with their non-profit organization that provides a place for families to stay while visiting someone at the local university.

.), but I have had some real challenges such as just yesterday had a tenant OD (and pass away) in a unit, as well as not one but two kidnappings last summer, a tenant who’s son got shot in the face in the parking lot, some stabbings, countless fights and arguments and cops at the building and of course the missed rent payments (tenant portion of course which is only $50-100), and much higher turnover rate than my non-section 8 units just because folks who can’t afford rent generally have less stable lives and move/ are involved in crime/ go to jail/ fall off the wagon/ have incidents of domestic violence/ revert to homelessness etc. more often than other tenant classes.

Many associations have restrictions on the number of rentals allowed in the complex and certainly on short term rentals (both complex and city/county wide).

Section 8 tenants are a lot like non-8 tenants in that some will respect your property and some won't.

Also, I am not aware of any restriction as to who you can name as Trustee, but you should double check that.There should only be recording fees for the Deed into Trust. 

If they did have such a list (they don't'), that list would only be useful if it contained personal, non public information on a borrower's payment/financial history, which would be illegal.

I like the class functions they you could segregate costs by unit, building, and even geographic locations, such as NY vs MA, through the use of classes, subclasses, down 10 levels.At the same time, I also did accounting on the side for a government funded non profit that that I use classes to segregate funding sources.

If a non REO, place a clause about utilities being turned on in the contract, affecting your time lines if it is not.When utilities will not be turned on, you need a heavy generator, air pressure test plumbing, etc.

If lease is up in July you can give a notice of non-renewal as soon as you buy and speak with them to see if an earlier move out is possible or desirable for them. 

Review it careful and make sure you aren't agree to something outlandish like possession days after closing or $1,000 non refundable EMD, etc...