If you do end up segregating, keep good records to prevent having to recapture the depreciation of the reclassified assets.

The key for any tenant, S8 or not, is screening, imo. 

I look at substantiated and accurate underwriting, and the character and record of the sponsor. 50/50 or 80/20 won't save you if the deal is bad.

. -- Thus, you can expect to get Class C or D tenants, which have a 15-25% probability of defaulting on their lease payments.2) If your PMC is lowering FICO to 550, what are they doing to improve their screening in other areas?

If yes, then the other partners can just do a JV agreement internally which you can record at closing that allows you to still “partner” up on it but allowing the lender to still be protected if anything goes wrong with the deal or people borrowing. 

A quick call with a local attorney can set the record straight and help you navigate this without drama.

You add your coverage yourself online and can see all your properties listed on one screen to manage them.

not sure if you are familiar with basketball but it is alot like the spurs offense. meaning the system works if you trust the process. my uncle has everything set up. contractors, know how, experience, tenant screening. management. so i will integrate into his system and learn it to replicate it like Steve Kerr did for the WarriorsYes, I am - The Big Fundamental was a great power forward!

If your not ready to spend money on a software you can use tax records.

I do a lot of searching through the MLS and county records, and come across these fairly often, but am curious as to who/what they are.