You could set up one LLC to own your 4 rental properties and quit-claim deed them over and that would be the maximum I'd do with respect to LLC formation.

Have Bubba take photos. 

Many guests don't pay attention to photos and if it's listed as a 3 bed, that is the expectation they have of the property.

Anyone here can confirm that the rent from section 8 is close to the payment standards for the respective zip codes?

Are their listings detailed with good-quality photos?

.), and you've made your House Rules clear, then don't sweat the small stuff.By that, I mean- you'll have guests who have 5-star ratings but can still leave a mess or damage (other owners didn't report accurately or it was complicated) but you have recourse via photo evidence (your cleaners, etc.) to ask for reimbursement (or use something like AirCover, etc.).

You and this private person you met hammer out the details of the loan at the kitchen table so to speak and you seal it with a handshake and your reputation that this Private Person already respects or whomever introduced has vouched for you.But if a man opens a lending company tomorrow with 50 Million of his own capital and he checks in on the HML market to see what it bears and he copies his products and UW guidelines and now is he PML or HML? 

Also provide tons of good / detailed photos along with property details critical for the investor to make a decision. 

Be sure to take high-quality photos, and if possible, request utility records that confirm separate billing for four units.

PM me if you need progress photos, and hang in there.