It mostly means you don't want to deal with banks initially. 

I take the approach of the investor pays me a fixed fee to learn this on their own so they never have to pay me again if they don't want to.

Reporting the proceeds you pay to seller on a 1099 sounds reasonable.

So if you buy a 5 bedroom house and rent the spare 4 bedrooms = you can still sell tax-free under the 121 (you just pay back depreciation) If you buy a duplex and rent 1/2 and live in 1/2.

Happy to let this property do what rental property does best- pay for itself.

Our current mortgage terms include a late fee after 5 days, so they’re already paying extra each month and have to split the total monthly payment up between 2-3 payments when they get their pay check.

Now, you need to figure out how to find deals and pay for them.

You live in one room, rent out the others, and pay your expenses with the income.

They pay their bills on time and make good tenants.

Montgomery Metropolitan Housing has a reputation of being difficult to work with and are slow to pay at times r so I have heard.One thing to keep in mind is that even with section 8, you still get to set your criteria that tenants need to qualify for your unit.