I know the rent is going to be paid and if they do something wrong, they loose their voucher which is more valuable to them than it is to anyone.

Here are some helpful articles on bigger pockets you can review. 

I am reaching out for some valuable insights and advice regarding an opportunity that has come my way, and your collective wisdom could make a significant impact.I've been in contact with Loan Direct LTD, particularly with James Baldwin, who claims to be a private lender offering various financing options for real estate projects.

LLC-friendly is one of the main advantages of DSCRSharing a few articles on the ins and outs of this option!

Experience is what makes an agent valuable, anticipating issues that are outside the norm and knowing how to deal with them. 24 deals per year is proficient, after 100 deals you know what you are doing.

All in all probably lost about $15k but learnt a valuable lesson. 

Here’s an article that further discusses grouping activities under section 469.

I want to start this thread to get ideas, opinions and valuable tips on how to do it RIGHT.Lately I have been reading on this subject ,extensively , and trying to learn as much as I could.

Thank you for your valuable input and recommendations.

You'll want to gather up the Articles of Incorporation, The Bylaws (signed and executed), The Certificate of Standing, and the IRS SS-4 form where you got your Tax ID.