If you need cash flow to make this a good investment for you, then this deal would not be good.

People date for years and then all hell breaks loose when they get married and move in together.

So we can take the original LLC that is 50/50 owned by 2 people and move half of the properties over to a new LLC where one partner now owns 100% and then the other partner would have the other half of the properties and have 100% ownership of that one and we pay no taxes?

I'm seeing renovated inventory sit, then trade well below list in a large portion of the ATL metro. 

I might get extra $300/month ($3900 instead of $3600)I may sell it in about 5 years,  and plan to do full remodel then.

I then turn the home into a rental, or sell it for a profit. 

Is it a hope that rates decline and then it makes sense? 

My understanding of how section 8 works is you request a rental amount and then they tell you how much they approve? 

If there is no deferred maintenance to start with then you are just budgeting for repairs and dealing with them as they come up.

@Rick ImIf you are putting in $180k cash you should easily be able to get a $110k loan for the property through a hard money lender to complete the work then refinance into a long term loan.