If you're living in a separate dwelling this can work out great! 

For your specific question about doing a JV on the loan, my suggestion would be that both go on the loan and then do a separate joint venture agreement...because you can not have an LLC on the loan for those loan types, they need to be in your personal names.I am not a lender so maybe one of my lender friends could chime on exactly this would work @Zack Karp, @Michael Facchini, or @Jose Valdovinos?

Better off using a mix of like mapdriven with a good CRM and skip trace company and separate mailer company.

Not every state or city mandates that any landlord has to accept Section 8, because the landlord has to not only subject their property to Section 8 inspections, rules and regulations, they also often have to separately arrange for the tenant to pay the non-covered part of the rent and can face difficulty evicting just based on that.

Then reach out to me on a separate post and we will analyze.   

And all this for no monthly fee.I do prefer TVs with Roku built right in vs. a separate Roku device, because guests change the inputs, unplug the Roku box so they can plug in their own PlayStation, etc.

Separately metered with tenants paying all utilities.

If they are billed separately, the charges may fall into Fair Debt Collection Practices Act laws.

A garbage disposal should be on a separate circuit, as they can draw a pretty decent Amp load.

It also sits on 2 acres with separate buildings for animals and a nice storage shed.