Almost half of my portfolio has Section 8 tenants in it and as non section 8 people move out i try to move in more Section 8 tenants but i make sure my property manager screens them THOROUGHLY....not with just what's on paper regarding credit report, income and past criminal activity (If any).....I make sure my PM screens to make sure they have no pets, no evictions, no smoking OF ANY KIND and no felonies and we still get TONS of people calling...the biggest problem becomes picking someone from who is left.   

I would NOT get involved in that.

I've been heavily involved in the OZ program and think it'll help inject capital into the areas that need it most.

In reading all of your posts, I'm seeing it's a lot more involved than just simply, "should I form an LLC or not?".

If I were you, I would write down all the monetary outlays and the potential work that will be involved in acquiring/rehabbing (if needed)/managing the property and realistically how much time and energy each partner is willing and able to put into the project, and then sit down and have a discussion about how even or lop-sided this deal is for each party.

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When the allure of owning real estate wears off, they start to realize that, but their exit strategy will most likely involve losing money unless we're still in this passive cash flow investing mania we are in.

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I'm actually so new to actually landlording that I don't have the full perspective on the timelines involved.

I want them to try hard and finally report it to credit bureau.