If S8 is not rising annually you need to drop all S8 tenants and get out of the system.If there is no additional financial benefit to renting S8 ther eis zero incentiveto be in th eprogram...except maybe for disconnected landlords.

I currently work for the Army as a pilot and plan on getting out in 5 years. it would be a dream to be financially independent by that time so I can pursue things in which I'm passionate!

Also, as part of the offer you want to ask for all financials/rent rolls and leases this way you can look into the current leases (are they month to month?

My question is should we still get an agent even though financially we are not ready?

Exactly @Matthew Paul, it ain't rocket surgery to sell a property FSBO, especially in a seller's market.The facts are, we're not talking about 80,000 properties anymore and consumers, the ones with 1/2 a financial brain, are waking up and realizing that giving away 6%  = $30,000 in real estate commissions = approx. $48,000 of Gross Income, is absurd and completely avoidable.  

I've been working informally with a financial partner who is also interested in this deal.I was hoping to get advice from the community on how I need to establish the partnership agreement. 

Focus on paying high interest loans and on maximizing your income, that will help your financial position when applying for a loan. 

This idea caught my attention as I am currently not in the best financial situation but am willing and hungry to gain the specialized knowledge of not just this one method but of all the methods available in REI. 

The HELOC I have has a maximum of 96k available and I also have other cash saved I can quickly access in case I need to in case things go wrong.So to get to my question...I'm trying to establish a good financial history for an LLC that I formed at the beginning of 2018.  

From a financial standpoint, this is an awesome deal.