Contrary to popular belief, partnerships are not ideal structures for people with NO money.

I have two people in one unit who have told me they prefer to put ALL their clothes in one big cycle at the laundromat and simply pay $8-10 for the wash and a couple dollars for the dry so they only have to do one load and spend only an hour and 15 minutes doing it as opposed to 4-5 hours for multiple loads in my cheaper machine.

@Desmond Dunn - I love talking to people about multi family syndications.

There was a tenant that was evicted so there were people living in the house a few months ago. 

The best advice I've heard is to hire people for small jobs in order to vet them.

@Jeffrey Richard, I know a few friends and people that are having great success with their STR's here in South Florida.

Awesome work Carlos, glad to see other people with like minded ideas!

Overall to me it does seem more risky, but there are plenty of success stories of people who utilized the section 8 program.

@Mike Calvey - Could we please refer Sam to all of the property managers in Memphis for him to select from and interview? 

Hi - people certainly do utlize strategies like this - however, as other commentors have noted - DSCR Loans have emerged as an LLC-friendly and short-seasoning-friendly option for BRRRR investors that allow you to do everything by the book and not have to worry about a lot of this.Sharing this article I wrote last year on BiggerPockets on this topic - financing options for BRRRR strategy and pros/cons of eachhttps://www.biggerpockets.com/blog/brrrr-loans-what-are-the-...