Buying home to put on Section 8 and for relative.

[Emilio Pereira]

Good Afternoon BP members,

I have a few quick questions and wondering If I could get the feedback of some of the more experienced in the purchasing for section 8 method.  

1. I want to buy a house to put on section 8 immediately, can I do this this going the conventional loan route? I know FHA you have to wait the year till renting out, but conventional, can I rent out immediately?

2. My goal is to rent it out to my sister (Same last name) who has section 8 approved already, and if we can make this work, cash flow will be produced since day 1.  

both me and my fiancé will both be on the loan and deed of the property, so I'm wondering could my fiancé be the only one to apply to put our house on section 8 since I do know a relative cannot "rent out" section 8 to another relative?

or should I transfer the property into an LLC and apply to section 8 once the property is in an LLC?

any feedback on this issue would be appreciated and hope I made sense! have a great day fam!