I am interested in partnering with a plumber, electrician, HVAC, and general contractor and giving them each 10% ownership in each property in exchange for their work on the rehab portion of the strategy. 

@David Keller,The advantages of using a HELOC:Easy access to the moneyCan make a cash offerLower interest rates than HML or most private moneyVery low loan feesOnly pay interest on the portion of money you're usingDisadvantages of using a HELOC:Higher interest rate than a conventional loanShorter amortizationTied to your primary residence, so if things really go South your home may be in jeopardy (low risk, I think)One other thing to consider is that you may not be able to get financing on such an inexpensive property.

In addition, I'd be appealing to any insurance company and the state agency who regulates the insurance company to see if they are responsible to pay even a small portion of the damage that may have been caused by something that was covered, like fire or wind & hail, etc., not just flooding.    

A wholesaler who is consistent, well connected and able to run accurate calculations is invaluable.Though, wholesaling should only be portion of your strategy, if you choose to do it. 

The borrower provides 12 or 24 month's bank statement and the lender uses a portion of the deposits to qualify. 

So for these kind of situation, sorry I don't know why I would need an agent.I think that is a good move from redfin as it will awake a lot of realtors not to take the heavy portion of commission for granted.

After the first 12 months, SEC 8 will consider a reasonable rent increase, regardless of the lease term.SEC 8 tenants almost always pay a portion of their rent.

However, My savings will cover my portion to protect our current lifestyle.

That means you need to set aside a portion of your income and make quarterly payments to the IRS (required by law).

@Joe Splitrock I have one lease for all 4 of them, but they each paid their equal portion of the deposit and rent.