Instead of facing a bunch of wholesalers trying to add you to their buyers lists at social events we are seeing the online equivalent which is to be expected. attached below are the names of the groups I participate in!

It will depend upon where the property is (HOA may limit you to MTR or LTR), what kind of property, and your overall goals and level of participation desired. 

Your experience will let you evaluate them quickly and then you can participate in the upside as well as your APR.My bias comes from the fact that I run just such a fund.

Have some experience and connections with managing renovation (I participated as a project manager in Malibue).Please call, text or PM 323-813-5050818-626-1881Thank you

Don't hold me to that last statement as we have not participated in the section 8 program in Memphis in a few years, maybe something has changed, but that is something you would want to look into.

I have been a lurker on these forums for far too long now, so I figured it was time to sign up and become an active participant!

Also sounds like you wanted a guaranteed return, which real estate does not provide.The way to participate in real estate as a true passive investor is through REITs.

If the deal is structured such that the rehabber's LLC is solely on title, and I'm carrying a 1st mortgage with profit participation, how do I treat the profits that I earn?

You're investing in a business, your business, while all that is is making a contribution to your business that requires your active participation which isn't investing either but it's not investing, putting money into real estate.Nothing wrong with being a real estate operator or dealer.

If you're looking at buying property there, I'd be interested in participating.