They must be an official partner of BP.

This would be a great strategy.

Spell out the complete agreement of how expenses, profits (or losses), and other responsibilities are to be split—put everything in writing.Do a background check on the partner to confirm there are no outstanding liens, judgments, or active lawsuits against them.Hope these suggestions help.

I would be very careful with using 100% leverage in a deal.

You will be replacing carpet constantly. 

If they don't have vehicles your property will have to be near bus lines or Marta.

Balance sheet and depository relationships (some banks requiring upwards 10% of loan amount) are being prioritized over merits of the deal/collateral.

It's important to consult an attorney and an accountant eventually, but your first step should be to discuss your plans with your lender.

Our developers have all noted that HUD has gotten much better with this program in the last decade and it more depends on the local housing authority being good or bad.

Overall most of those may be overrated.