If you have 80 to 100 units or more you might can scale some of it to be less hands on.If this is lower number of units you will be working for the NOI income stream if any is available after the problems.Low income tenants have constant life issues and their finances go up and down like a yo yo.

The down side is that Section 8 is typically judgement proof (meaning you can't get blood from a stone).

Not sure if this helps, but your P&I is normally credited towards amortization when accounting for the money streams on a rental property.

Because a vacancy eats into my revenue stream by 16.7% per month rather than 33.3% per month.  

Working full time in a software job (email security).ExperienceI’ve completed 14 real estate transactions, all of which have been single family homes.Real Estate GoalsCreate a sufficiently large income stream to cover my living expenses and more.

"Blood" often muddies these waters which is why banks often don't or won't finance deals between family members.

I'm aware of some of the benefits of seller financing, such as a higher overall return and steady income stream but I'm wondering what type of drawbacks there could be to them in this situation (specifically an older couple living across country from the property).

The only answer really is to keep expanding, and keep improving operating standards till you earn more money than you need, can handle multiple vacancies, repairs, plus turnover cost all at once, while putting away cash for a rainy day, or find a 2nd stream of income to resolve any worries you may have.Since flipping sounds to be pulling at your heart strings, why not keep your rentals for a base, and go buy a property to flip.

Why not leverage other people's money by acquiring good debt and keep streams of money coming in and eventually you will get to 100k liquid cash in no time.The amount of time it would take the majority of people to save that amount of money would be years, especially with little to no interest from the banks while it sits there doing nothing.

Ok, so I apologize in advance for the long and probably stream of consciousness in this post, but I get this question a lot, and any other lawyers or accountants on here, I would love to hear your perspectives.Reasons I do NOT like land trusts, or at least not more than LLCs: I have found that they are harder to insure and harder to finance, and I’ve found that title companies are even often wary, even if the manager is an LLC.