Even though it’s tempting to get a head start on the roof due to the weather, having workers in the property while the seller is still living there can create complications.

It's better to work with a trusted, reliable, broker that does this day in and day out for a living than to go at it alone and take an unnecessary risk. 

Also, a seller who has a good agent will realize these loans are more complicated and that this type of financing is less likely to result in a sale.

Hey @Tony Thomas, I won't speak to the tax side (not a tax pro) but from a bookkeeping perspective, this will complicate your operations (and, bookkeeping as a result) quite a bit.So, ensure you have super powerful incentives from an REI-savvy attorney and an REI-savvy tax advisor prior to making this move.Some of our Clients have implemented this in the past (prior to working with us) and their businesses weren't large enough to justify the complications that come with this type of structure.Hope that helps!

Since you and your brother are on separate loans and titles, this could complicate the exchange.

Being non-TRID removes all the unnecessary, redundant paperwork and time restrictions. 

If you like extra annual inspections where you are forced to do unnecessary repairs/improvements then section 8 is great.If you don't mind having your carefully crafted landlord friendly lease rendered worthless from the HAP addendum then section 8 is fine.If you don't mind your rent payments being paid at the whim of the government then section 8 is great. 

In most cases, neither is warranted.Warning: I am not an attorney and this can be a complicated topic.

To complicate it even further  :) , STR investors do not need REPS anyway  

Don't make it more complicated than it has to be.