You also have the option to use non-recourse loans to leverage your real estate purchases, though this may trigger Unrelated Business Income Tax (UBIT) on the income generated.

It’s a great option if you want simplicity and rewards.

I am exploring this option now and just learned about it. 

This reduces exit options and affects the value. 10) Small number of small units is the most expensive residential development there is.

In this thread, you repeatedly highlight the IRS position that a Husband-Wife LLC does NOT have an option to file as a Qualified Joint Venture (QJV) and must therefore file a partnership return.

If you decide to pursue this option be sure to EXPLICITLY spell out how the maintenance of the buildings will be handled as these types of facilities tend to be hard on property from my experience.

STRs are an option too, but you’ll need to navigate stricter regulations in some areas.

This is one way to manage costs risk.The ways to own the property besides FHA & conventional loans is with private loans, investor DSCR loans (non owner occupied); seller financing, lease options, partnering with others to take the property down..... 

His Facebook group is also a great source of info. https://buildstrwealth.com/

Have 3 loans to refinance in the next few years and DSCR's are added to the option list.