I don't say this to sound mean, but you need to decide if you're running this as a business to make profit or as a cheap housing alternative for those in financial hardship. 

While a single deal might only be a 'base hit' versus a 'home run', it could set you up for something bigger and of course, each deal you do, you gain experience as well which will benefit you in so many ways.  

Interest rates are running at 7%+ for investment properties these days, and some of these PM with 8% management fees usually have other fees tied in.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

You can hire a lawyer to set it up for you, but many small businesses form LLC's on their own.The important thing is keep your LLC organized, keep business things separate always, and run your business with integrity.

It's helpful to get comfortable running your own numbers and learning to take everyone else's underwriting with a grain of salt. 

Loss runs hurt you much more in things like workers comp than property insurance.

But definitely run it by your securities attorney.

Someone is always doing something just that bit more, and when it's "equal" it's an invitation for running arguments on how things are not equal.

or actually allow pets to run inside the house?