There is no guarantee these will be bargains. 

- Do we purchase the house via the LLC and have the one investor 100% guarantee his personal mortgage?

It's not a guarantee that you'll not be sued, but it makes the target on your back smaller, more difficult to find (if complementing with trusts), unappealing and expensive to sue, and contained and difficult to collect in case you lose. 

Expenses will be much higher than projected and guaranteed it will have negative cash flow.

Until you have a RATE LOCK guaranteed for a set period of time 45,60 days etc. you do not have squat.

Here's the Homeaway statement re: the service fee:"We are announcing changes that enable us to provide the best experience and most value to travelers and vacation rental owners and managers.We are revising our traveler guarantees to provide even more coverage, reducing prices for owners and managers, and changing the way we monetize our business.Now, travelers who book or pay directly through HomeAway’s sites will have the full amount of their booking protected against things like misrepresented or double-booked properties.

And in a few states ( including mine) it is illegal to discriminate against a tenant simply because they are using a section 8 voucher.There are clearly 2 opposite groups on BP: those who "hate" section 8 and those who rave about it or at least rave the seemingly guaranteed monthly rent payment.I accept section 8.

Conventional lenders in Canada will require you personally guarantee any financing to the corporation, but we've never encountered a problem obtaining mortgages due to the properties being in a corporation.Now, if the corporation is undertaking a JV with an individual, we have encountered lenders who will not allow a corporation and individual to jointly take title or hold the financing {there is no legal restriction here, it is just an internal lender policy} when financing residential properties.Similarly, if you have more than 2-3 shareowners or partners, our experience has been longer vetting and approval processes from lenders when pursuing residential financing.    

For our first deal, I called 27 banks to try and get construction financing, we owned the property outright, until I found one local bank to underwrite a loan to our LLC but guaranteed personally by the managing members, and we had over $250k of profit in the deal and the loan was only for $160k.

Meanwhile the province has signed countless green energy deals in which feed in rates of some 30c per kwh are contractually guaranteed.