It really is like getting married... unless you each have clearly defined responsibilities so that everything which needs to be done is covered by someone, and then on top of that have a structure to buy one or more of the partners out of the deal in case things don't work out between you all.One of my favorite sources of properties is feuding partners who are willing to sell below market just get away from the others in the deal, don't become one of them ;)Good hunting-

The schedules will individually define what the profits and losses look like.

I've read the Ultimate Beginner's Guide several times, listened to several podcasts (and plan to keep listening to them), and have run over this broad strategy several times.

It's way more important that you define what a good deal is for you and go find that than any time of year. 

If you do a debt raise you could define your loan term along with specifics relating to extensions, etc.

Just starting out I would definately stick to rent ready and enjoy the learning curve.  

One approach that worked well for me is to define the income level I need to have in retirement.  

Section 8 is pretty much defined by the more dependents you have the more money you get and the larger house you are entitled to...larger houses rent quite fast. 

Such a broad question it's unlimited if you want the real answer since there will always be a portfolio lender out there who will do make sense lending for you if you have enough sizzle on your personal financial statement and you can document your ability to handle your financial affairs in a prudent manner.Conventional is 10 if you want the simple answer and FHA is max 7 properties including the subject primary property per HUD. 

Do they have well defined processes and schedules?