What if they have collections or judgments?

I know Keith personally I would be surprised if he had a collection situation that was not perfected.

You can invest in anything except the following:  Life insurance (SDIRA only) and for both collectables and disqualified parties/prohibited transactions.

Although I can see collection issues.

@Alex Ng S8 cures the rent collection problem of dealing with Class C & D tenants, but not ALL problems.Many S8 tenants still have to pay a portion of their rent + utilities - yet don't.Damages: most people now know how to use Zoom.

At the end of the day, everyones ultimate goal is to become the bank and simply lend out a pile of money and collect a return rather than having to do the grunt work of making these assets perform.

They could collect a commission themselves, but they know Im better at what I do than they are. 

He collects social security and has a part time job.

My first Airbnb was a room in my house that brought in $1500 a month. 3 years later I have 7 Airbnbs that collectively bring in $12-14k.

I would recommend this rather than splitting the bill and trying to collect that amount each month.