So much like minded individuals such as yourselves that you can squad up with.  

In general, partnership entities do not pay taxes.They pass-through income which is reported on the form K-1 where the member / owner / investor will pay tax when they file their individual return.Furthermore, aslong as all members / owners / investors agree that no one is entitled to a salary, that is okay, aslong as everyone agrees to it.

Your home IS in a location that could make it a good STR/MTR given proximity to attractions and it's in beautiful shape so I don't think the operator is pulling the interest/opportunity out of their a**.Attorneys would probably argue with me, but if their LLC is going to rent it, I would still get the individual on the lease or at least a co-signor guarantor agreement so that you have the EIN and SSN for purposes of evictions and collections. 

Hi everyone,I am starting to build my section 8 portfolio in Baltimore and would be keen to meet any like minded individuals or groups to share any stories or ideas.tim

I understand house hacking as more of a fit for single individuals.

This strategy requires a lot more work. 4 individual leases, home rules, and common area rules.

There is a passive activity loss limitation that allows individuals who make less than $150,000 per year to offset up to $25,000 in losses per year. 

LLC flows to you individually. 

As partners you are not going to be able to maximize many of the individual tax breaks like the STR loophole.

I think Absentee Landlord is one of the easiest ways to lose money for the individual investor.