The Good  - Guaranteed rent payments which is great. 5 of my 7 Section 8 tenants only pay $50 a month for their portion of rent.

An attorney can create an operating agreement for you and give you ideas on what to include in your operating agreement.Loans will probably be personally guaranteed, so it doesn't matter if it's in an LLC.

I guarantee most of those deals would not have been funded.Gino

This deal is a year one, cash on cash return of 23.71% Let's now factor in 5% rental increases, guaranteed by section 8 as well as 3% appreciation year over year.

It's no guarantee but it's a good place to start.

After my 1 year, I plan on refinancing with a DSCR loan to remove my personal guarantee from the property.

While this may be a clear lease violation, there is no guarantee that the judge will grant the removal order and give you back possession of the home.You need to weigh the costs.  

Just because you have enough land doesn't mean you can do what you want to do and you might have to apply to re-zone which isn't guaranteed. 

We don't have an instruction manual, crystal ball to the future, or a road map with guaranteed outcomes. 

I still plan on personally guaranteeing the loan to secure it.