If you're paying on time they don't care if Santa Claus owns the house."

Can he keep showing the place and when  he get someone else ready to pay and move in, can he cancel the section 8 process? 

But when I add in the cost of paying on the HELOC as well, it gets even farther from penciling.

Are you planning on it being a super quick flip and don't want to pay the rates on a bridge loan?

My guess is yes in which case, get a copy of the document and let the family pay the back rent. 

I'm sure you will gain some interest from potential investors then maybe they can supply you with the down payments and you can pay them back over time and you could buy more per year.From what I know, business is a slow game and from what I hear, successful Real Estate Investing can be boring.

Costs can vary widely, but you might expect to pay anywhere from $10,000 to $25,000 for a comprehensive PPM (Private Placement Memorandum), Operating Agreement, and Subscription Agreement.

It's very hard to remain anonymous in CA, and while a great goal, often comes at the cost of a very cumbersome structure to maintain, explain, and pay for in the meantime. 

I rented to house within 3 weeks and they are paying to the LLC bank account and I am paying the mortgage with the LLC account. 

Unfortunately only about 5 applications have been fully submitted and all of them have failed to show proof that they can afford to pay the rent and provide the proper references.