While it can be lucrative and most of the income will be guaranteed you will find that not every area has the same quality of Section 8 tenants.

I am assuming I can write the offer as cash, so long as the private funding is guaranteed otherwise I may put my EMD at risk. 

Likely but no guarantee.

What they tend to realize after the fact though is the higher payments are now mandatory and the monthly cashflow is cut so that you're mainly relying on equity which although likely isn't always guaranteed. 

Just don't buy into the lie that it's necessary, that it's a 100% guarantee of protection, or that it needs to be complicated.Here's some generic advice.An LLC is useful for two things: anonymity and legal protection.

Personal guarantee.  

Hi Adolphus –You can definitely go through an LLC, but it's almost unavoidable that you'll need to personally guarantee the mortgage.

Hello BP,Are there business credit cards that don't require a personal guarantee?

For the location we would get a flat fee and a guarantee for booking for all rooms in the place.  

Eviction in this county would not happen in the winter.I've never had to prove a smoker in court, so I can't guarantee results.