I’m wondering if using Customer instead of Class would work, thereby allowing the less expensive Simple Start or Essentials versions to be used.As a private lender I’ve been using Customer for borrower and Job for each borrower loan … seems to work.

And, 4 months ago I sent an update saying that the market has declined as predicted but we felt that it was starting to stabilize.

I think you may want to start of the arrangement in a more simple fashion.Ask for a loan in which he will get a stated return 6% to 12%.If you are both successful happy with this arrangement, upgrade to a partnership.I think a partnership off the bat makes things complicated.You will also likely make more money in a loan agreement if the project does well.

I'm looking forward to contributing and exploring potential partnerships.

Hi,I’m from NYC and starting to look out of state for good BRRRR and/ or good cash flows.

You may not need an LLC at all if just starting out and insurance might get you all the coverage you need.

Its not killer cash flow, but there is cash flow.Don't expect to start deducting things like vacancy, maintenance, cap ex, etc.

Would it be better to start off with STR or LTR in this area? 

. =) Looking to start investing in Section 8 and was wondering if anyone had any horror stories, success stories or advice on where to start. 

Start with BiggerPockets Ultimate Beginners Guide (free).