Recommend you try to search here on BP for posts about S8, so you get the reality, NOT the hype!

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

I am at the beginning stages to take my idea of a 506(b) or 506(c) fund and make it a reality. 

They may look promising on paper but often underperform in reality due to management challenges and unexpected expenses.Given your situation, a SFH in a good area of South Jersey could be a solid starting point.

The homes prices are way above reality as well as the taxes and most HOA's.

So in reality the IRS already recognizes you and your wife as the tax payer and exchanger (becuase of the joint tax return reporting the activity of the property).Here are your options to purchase1.

I know, but mass ignorance does not change the reality of it any less.     

That's the simple reality of it.

@Manuel A Zuaznabarunderstand it's expensive / high barrier of entry but the midwest comes with issues tooi think it's worth itwhat you don't want to do is buy a random property that looks great and then start sinking tens of thousands into itlike these folkshttps://www.biggerpockets.com/forums/963/topics/1195280-expe...https://www.biggerpockets.com/forums/48/topics/1160450-run-i...

And, in all reality it can be viewed as a risk, since it is not the "safe" option.