There is more work involved in Section 8 though. 

There seems to be a lot of costs involved with setting up multiple entities and hiring an attorney to set them all up correctly and a CPA to assist with my books and write offs.

Google "old ammunition" because anything with explosives in it can sometimes become unstable with age.I've seen a couple of news reports over the years where people found old sticks of dynamite in their home (put there before people understood the risks involved).

So I’ve been involved in real estate for about 3 months.

Cash reserves are a way to help you mitigate risk....but that is a factor completely independent of the risk involved in the activity.

I just realized there are closing costs involved.

Hey All, Here is what I learned about funding / structuring deal for multi - family, would love to know any other way people fund / structure their deals:Downpayment (your own money) + commercial loan - No SEC involvementDownpayment (partners money) + commercial loan - No SEC involvement, partners need to have specific roles defined so that they dont get categorized as passive investors Downpayment (passive investors money, preferred returns) + commercial loan - SEC approvals neededWhat are other basic ways to fund a large (> 5m)  size deal

Hey All,Here is what I learned about funding / structuring deal for multi - family, would love to know any other way people fund / structure their deals: Downpayment (your own money) + commercial loan - No SEC involvementDownpayment (partners money) + commercial loan - No SEC involvement, partners need to have specific roles defined so that they dont get categorized as passive investors Downpayment (passive investors money, preferred returns) + commercial loan - SEC approvals neededWhat are other basic ways to fund a large (> 5m) size deal

I would love to interact with more people involved in real estate in Anchorage :)

I wouldn't get involved unless you can take possession of the house for a price that makes sense.