Are there other legal or financial consequences I should be aware of?

Consider both the financial cost and the time commitment.Have I researched the program?

Bigger Pockets is a great place to find a real estate tax accountant.A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

Now it's an out of control machine with a lot of financial incestuous relationship in the tupperware farm.I like your analogy.

I would encourage you to do a deeper dig on the financials and take your own skill inventory in making this important wealth impacting decision.  

you know a singing partner /  financial net worth partner ??

Any guidance is appreciated and I know it's not tax nor financial advice, just your thoughts.

(Auctions and foreclosures can also provide great leads.)With $20K, hard money loans are a practical option, as they emphasize a property’s ARV over your financial history.

Quote from @Josh Lansberry: You will hear a lot of people bad-mouth him, but Dave Ramsey can teach you how to get financially savvy real quick.

@Jordyn Ohs Suggest you run a financial model and assume 100% vacancy.