The investor buyer is purchasing the property from the Detroit Land Bank Authority (DLBA).As part of the closing, DLBA is requiring that the lender execute the attached Subordination Agreement.I don't love everything I'm reading, but I'm curious to see if others have gone through this.How did you assess the risk to the lender in this situation?

Any landlord can accept Section 8 (Housing Choice Vouchers) — it’s simply a government program where the local housing authority pays a portion (or all) of a tenant’s rent directly to you.That means you can buy any investment property that meets your market and return criteria, pass the housing authority’s inspection, and rent it to a qualified Section 8 tenant.There’s nothing “exclusive” about that process.Bottom line: you don’t need an Acquisition company or anyone else to “get into” Section 8.

lol again with this company ...Any landlord can accept Section 8 (Housing Choice Vouchers) — it’s simply a government program where the local housing authority pays a portion (or all) of a tenant’s rent directly to you.That means you can buy any investment property that meets your market and return criteria, pass the housing authority’s inspection, and rent it to a qualified Section 8 tenant.There’s nothing “exclusive” about that process.Bottom line: you don’t need an Acquisition company or anyone else to “get into” Section 8.

. - YES, I had a similar situation occur for Wake County Housing Authority in North Carolina last year - not paying for 3 months...

Some inspectors may still expect a closet based on local custom, so it’s best to check with the local housing authority just to be safe.

It falls upon you or your property manager to screen them, within the scope of what Section 8 allows you to do (for example, you can't really screen for income and employment, because you have to count their Section 8 voucher as income).Benefits of Section 8:Tenants tend to stay a long time (because of the nightmare of red tape required to get into a lease in the first place).Market rent is (usually) reasonable (at least you hope it is, because you arent setting it, the Housing Authority is). 

There are various posts I've written that explain why.You just need a typical Purchase & Sale Agreement with an addendum spelling out the terms, proper authorizations and proper disclosures. 

In Ohio markets like Cleveland, Dayton, and Toledo, it often pairs well with affordable properties and strong cash flow, assuming there’s reliable property management in place.Just be aware of annual inspections, red tape, and local housing authority requirements.

@John Morgan put an Amazon sign on the front of them and they can be distribution centers. authorities would never know

A new law will require Airbnb and Vrbo to share host info with cities, giving authorities access to names, addresses, and listing details.If your property isn’t fully registered or you’re unsure about local rules, now’s the time to double-check.Question for the community: With the new law requiring platforms to report host info to cities, how are agents and investors deciding which properties are safe to invest in for short-term rentals?