Our home state, TX, has really high property tax which is see as a big disadvantage.

I only have 4 SFR with sec 8 but I’d highly recommend it.

My advice would be to partner with someone who has additional funds so you can buy something that is of quality. $8k won't get you anything in a class B or A market with 20% down or even 10% down. keep going though!

I was relieved to hear you speak highly of his program after reading the posts before yours.

@Chris Kay finding a quality, cost-effective contractor is extremely difficult:(There are thousands of contractors that are great talkers, but rarely perform within budget.Standard bait & switch is to lowball a bid, then once they get started all sorts of things "pop up" that somehow their bid didn't cover.

It is somewhat complex to try to explain on a forum, but at a high level, you (aka GP) and your family member (aka LP) would agree on how much the 2 of you would put in for the amount of equity needed (usually expressed as a %).

I cannot speak to the quality of the coaches but the sales staff seamed well trained.

BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.

I would highly encourage paying a GC to walk deals out the gate, have them give a scope of work so you can see what items costs.

Rates are high, usually in the high 8s or low 9s, and you may pay 2-4 points on the loan.