If a cash out refinance, many lenders will allow the cash out to satisfy the reserves requirement.DSCR lenders generally let you vest either individually or as an LLC.

If the Multi-Fam does not have individual utility-meters for all units, then you have to figure out what to do or it can potentially eat away at your cash flow.  99% of Single Family homes do not have this problem.These are just a few pros and cons. 

We have discussed selling the individual cabins and managing the rentals.

Or individuals who are in that space.

I'm excited to be here and connect with like-minded individuals passionate about real estate.

I've signed up for meetups and I'm actively building my network with like-minded individuals. 

I believe that a community of people grow faster than individual efforts.

So, the housing authority will pay me $1200, the tenant will pay a total of $500 ($300 of which goes to fulfill the monthly rent and $200 to pay utilities).

If your renting by room, each tenant would need there own individual lease agreement.

     @Bob Gruenig, what @Chris Tracy may be trying to point out is that if you are creating a LLC and bringing in other passive investors into that LLC, your LLC may be subject to securities law.The easier option would be to let each individual come into the syndication's LLC directly.