I am sure u can do this BUT u have to let some time pass by before refinancing.

Yes you’re missing that a LL is not required to joint the S8 program therefore cannot legally take S8 payments without getting the property inspected approved and qualified by a S8 inspection. 

Read this threads on partnering: How to Effectively Conduct Joint Venture Agreements as a Real Estate Investorhow-do-i-properly-construct-a-purchase-with-a-partnershiphttps://www.biggerpockets.com/forums/51/topics/591...Taking-on-partner-s-and-limiting-our-liabilitesQuestions-for-capital-partners/Real-estate-partnership-questions/And here is a diagram to help guide you on this quest - talk with @Scott Smith to get implementation details:

Multifamily properties are more abundant in West Philadelphia, but that's not to say you should rule out other neighborhoods (West Kensington, Brewerytown, Temple U vicinity).

But if this company screwed over that many owners to that extent, the owners could theoretically file a joint UTPCPL complaint with the Office of Attorney General or the State Real Estate Commission.

Ie 150 and under.. because values are all over the joint. 25k all in rehab for a duplex with all that work is a job well done.. in todays price points .

@David MichaelAn old but goldie— what do u expect from an old guy— lol

If I was pursing this myself it would be much simpler but my first purchase will be a joint-effort with two other friends.

That said, this strategy may only work out in certain situations but keep your eye open because it may appear and if u did ur research right, u should capitalize on the opportunity.

I would look for properties to buy with seller financing or joint ventures.