I think flips only make sense when even if budget goes up 20% your numbers still show a strong profit. 

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

The rates will be lower and will allow you to maximize profits.

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.

A good landlord understands that vacancies & Rent-Ready costs will destroy your cashflow and profits.

Section 8 can be a profitable and reliable resource but it is 'their ball, their court' so know the rules first.

If done correctly it can be very profitable.

As a limited partner, you would be able to participate in the project without being involved in the day-to-day operations, while benefiting from the potential profits upon completion.If this sounds like an opportunity you would be interested in, I would love to discuss further and provide additional details on how we can collaborate.Looking forward to connecting soon.

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

Despite paying fees, doing a deal and making some profit is better than sitting on the sidelines.