It's all about the location, you might be able to buy a cheap house, but if it's in an area with nothing but other cheap houses and in an area that is "not desirable" you're not going to make much money on it, either in improvements or rent.

This is a website that was mentioned in BP Money Podcast EP 303.

If you owe the bank 1M, you have a problem, if you owe the bank 50M, the bank has a problem.If your child dies or has a divorce does his spouse become part owner of the properties?  

You cannot get any meaningful answers until you specify what is your "side gig", how much money it's going to bring and how much expenses it's going to incur, and what kind of expenses.And, as a rule of thumb, unless you clear $50k after all expenses, you probably will not benefit from any entities tax-wise. 

Many S8 tenants are getting free rent money, yet don't take the time to understand the program and dump everything on their caseworkers and landlords!

Is it making money?

They aren't spending their own money, so they are less likely to take care of the rental or follow rules.

Also, for delayed financing, you may have to source the money used to buy the property.

Why would someone lend you money on properties without money for the downpayment?

You find here on BP tonnes of free RE advice; please save your money for investing in RE.