I would personally roll the dice on the rental and see where it gets me if you don't have to sell at this moment. 

Additionally, an LLC can make it easier to separate personal and business finances, simplifying tax filings.Quick Tip: Work with a tax advisor to determine whether an LLC is the right structure for your investments.4.

You need to have a plan of actions to take to collect if you even want a chance to see anything from those judgements.

Many are personal friends of mine living just 40 minutes south here in San Diego. 

Investors want a person that they consider a good "business partner", but most of the wholesalers I see come of as borderline crimnals.

Do you have other collateral, such as another income property or your personal residence (last resort) your seller could record their lien against? 

Do you own a personal residence yet?

best of luck. make sure you are speaking to a knowledgeable person in your area as you might be getting false information

This is the foundation of why LaPlante Real Estate is based in portfolio management and property management... my personal portfolio started in 2009 and I find the majority tends to be Section 8. 

It depends on where you want to live, income, personality, and other factors.You could buy a large home and rent out the individual rooms to cover expenses, but this comes with problems.