But the market for those folks is small in my area, plus this would involve a lot of tenant turnover.Another thought, of course, is to divide the house up into more units.

Hey BP - been listening for years but it's time to get involved! 

Or does that access only applies to the landlord not to contractors?  

I've seen more that one addition where the proper repair involves a bulldozer.

Specifics such as do you all setup an LLC between each other, simple partnership paperwork, etc. and if you go for funding is it easy to apply with 3 or 4 people on it ?

BP Rewards are applied nudge theory (I enjoy getting them also).

Definitely looking to get more involved in the community of individuals in our area.  

And will there be tax involve?

Interest applied to the original Loan amount, and not to the remaining balance.2 - 20 year term to payoff.3 - Payments would be made monthly for P & I.4 - Interest over 20 years @ 10%/year = $10k/year for each loan.5 - Principle payoff per year = $5k/yr/loan6 - TOTAL coverage needed = $15k/yr/loan or $30k/yr based on $200k in loans (both loans)This allows you to use the funds as many times as you want, but only have to pay for these funds once. 

The seller financing idea seems very involved for sure.