There are provisions that can shortcut some (or all) of the foreclosure process. 

@Richard Palmer are you investing in Birmingham or all over Alabama?

.- Single family and multi-family properties means that the investor takes a significant (or all of the) exposure on the property in the event of damages and repairs while with a condo such costs are shared.- Condos are typically closer to very busy areas like city centers (while single family and multi-family are further away / in suburbs) which, in the case of a buy-hold-rent strategy, means that the investor will have more traffic / demand.- Smaller properties are usually easier to off-load (more liquid) because our society is seeing very high levels of migration (people travelling or moving for work constantly) / people less inclined to partner / have families / people more focused on work / and pied-a-terre concept.- Condos are much easier to maintain internally than larger homes.- Condos are easier to manage as Air B&B than larger homes.- In the case of multi-family properties, sharing a home with two or three other families where everyone knows everyone can create issues if they don't get along as the close proximity doesn't allow for any privacy.Happy to connect with you and speak in more detail if you are interested in Massachusetts!

If you live in Ca or own rental property in Ca you will have to pay some or all Ca state income tax.

With those, you at least have the option of selling off a part or all of your interest to another investor after a few years.

Is it a live mentorship or all online? 

In summary, do you think it's a good idea for me to partner with someone for my first deal, put in some or all of the money, take a smaller return, but gain knowledge and confidence to start on my own in the future?

Payments that you make normally fall into one of 3 buckets100% of the payment can be factored in somewhere on the returnPartial payment can be factored somewhere on the return0% of the payment can be factored in somewhere on the returnHouse-hacking also has considerable tax implications in the event that you want to sell this property.You can potentially defer a portion or all of the gain on the investment property with 1031 exclusion.You can potentially exclude a portion or all of the gain on the personal residence with section 121 exclusion.

3rd federal savings and loan might do it they are based in OH however I think they want to be first loan holder so it would need to be paid paid off free and clear also I was told they have a heloc that they will pay a portion or all of the closeing cost I used them on my prime residence vary good rates however the rep I worked with was very vary slow with responding and pushing things along good luck I will be doing this same thing on 2 rentals soon so be sure and post what you figured out thanks

There is nothing different about a Section 8 tenant from a non-Section 8 tenant other than they are getting some assistance with part or all of their monthly rent.