KwanzaHi Kwanza, I can help answer this question as I've worked with investors and helped them buy LTRs, MTRs, and STRs (own quite a few myself as well).

Quote from @Chase  I hope all is well!

Yes, they are actually selling individual units as well

(Could be more than just two) So just be aware, you can use the sec 8 income to help with qualifying for a DSCR loan but you could very well end up with a higher rate.  

Jung,Welcome to the BP forum its a great time to start as mortgage rates fall and home prices still priced well in many states.

However, as curiosity prodded, I looked into the degree that it is prohibitively expensive to consider just filing as a security anyway, irrespective of the pros and cons.Basically, I searched for "what are the costs for registering a security with the SEC" as well as "what are the costs for registering a syndication as a security with the SEC"Most the results produced explained something to the extent that the fee was about 150 bucks per million offered, without any other information on what would validate the explanation that filing a syndication as a security is prohibitively expensive.

Are you focusing on local investments within LA County, or are you considering opportunities outside the area as well?

I would go the VA loan if you can, no pmi will help your debt ratio as well.  

Looking for ways to expand my network as well as possible job opportunities. 

Many of the loans we see also are not well underwritten and properties are at 125%+LTV2.