If one partner unconditionally guarantees the debt, this can sometimes require some side room guarantees to that partner to ensure no one recognizes a capital gain.As a few others have alluded to, there is a secondary problem known as a "debt financed distribution interest expense." 

No guarantees but something to consider.3.

Currently, my strategy is to rent to section 8 tenants for the guaranteed income.

For example the first text on Goodin Development's web page says:"We build premium, market rate communities throughout Indiana and help busy professionals invest in real estate, without the hassle of having to analyze properties, manage tenants, or deal with any repairs."1) Where has Goodin Development built or are you building anything whatsoever?

Even if you end up paying a PM for the service to place a tenant, there's no guarantee that they will last long if these other parameters of due diligence are not met.

That effort can payoff big if you are known as the go to guy/gal, you're an organizer, you will know the who's and what's, you'll be seen as a contributor, not a taker, a leader and I guarantee that if you hold a decent meeting, every investor in there will be talking to  you! 

. :) A zoning change can take up to 6 months, approval isn't guaranteed (despite Aldermanic support), and potentially cost a lot of money (architectural site / floor plans & dimensioned elevations, zoning attorney, holding costs, etc.) 

They tested the appliances thoroughly and offered a one-year guarantee.

You're marking the equities to most recent returns, the reality is a real estate investment to live in is a guaranteed rate of return and serves utility. 

- just starting out I would steer clear, it's nice that the rental income is guaranteed but that can be a rough tenant base and many new real estate investors just get smokedIf I was just starting out in real estate and had $750k to play with, I would really try to understand my goals - is it to retire on a beach and be completely passive?