Investors can expect an unprecedented projected profit of “32.89% cash flow, 48% return on sale, total return 81.38%,” (28:12).

The high property taxes takes out most of the profits. 

I think there will be a market for it and you will gain some market share, but I don't think there will be tons of profits coming in.

They would offer a more hands free approach, but eat up the profit in return.

If done correctly it can be very profitable.

I have seen turn over costs wipe out 3-5 years of profits on this class of property.

How can I strike a deal where they can still receive some income from the property, but I can purchase the home and make my share and eventually (1-2 years away) own the home and eventually get full profit from this 8-unit property.

And are the deals profitable?

You manage the headache of guests and communication, cleaning, etc. and he provides the property, but shares in the expenses and profits.

Reinvest profits, stay patient, and keep building toward replacing your income.