I do not take any risky financial decision if it will effect my family's home, but it is an individual preference.

Im mostly just interested in building equity from mortgage pay down over the long term.I already have a team in place that does the accounting and repairs on my current houses, so I am prepared to manage more, and I think it's in my best interest to stretch my existing staff more.If some houses dont break even, I have cash reserves to cover it.Since I rent the rooms out individually, not the whole house, its more management work, but less risk.

And make it very clear to them that they're all individually responsible for the entire amount and that you will not accept partial rent payments.

Individuals usually own Class C properties, which as of this writing (July 2008) can be bought at cap rates of 10%.

Ideally I would like an additional year to sell the property.

I have a SFR that I have been marketing both for Sec 8 and individual renters.

I really prefer a line of credit instead of trying to get individual loans per property.

If so, how do you locate the ideal person for that, and what would you expect to pay and receive from that person, and would they typically have ongoing involvement through the project (or just upfront consultation and design work).

An individual needs to perform their due diligence before forming any professional/contractual relationship and that is what I'm trying to accomplish in asking how I can best perform this on a wholesale mentoring program.

My father has bought and renovated 2 SFH's for rental income, but he does it by hiring people to work on each individual project per day as opposed to per job.