That is very good advice that I try to implement throughout my everyday life and am glad that you shared that!

This is not something that can be done independently by a CPA.There may also be state registration fees or taxes for the LLC entity.IRA custodians do not establish the LLC entity as they are prohibited by rule from providing legal services (they are a reporting layer for the IRA).Find a reputable firm that can educate you on the process, implement the structure and provide you with guidance along the way as you invest.This is a great way to diversify your retirement savings into real estate.

HUD implements the Section 8 voucher choice program via a HAP Contract.

Wondering if anyone could share some successful strategies that they have implemented.  

Implementing this strategy will allow you to be more knowledgeable and therefore able to make quicker decisions and secondly others take notice of the investors who are repeatedly transacting in a specific neighbohrood which leads to more opportunties being brought to you. 

On paper, you may not end up with taxable income- I'd suggest seeing a professional.This is where a good CPA is worth the cost- they will be able to make sure you're getting every deduction and mitigating tax as well as implementing a good strategy. 

I appreciate hearing ideas even if they may be difficult or impractical to implement.

I've seen plenty of mistakes, even from folks out of Salt Lake who misjudge a property by using comps from two blocks away or not implementing appropriate property management strategies.A final note:  Ogden's Good Landlord program prohibits renting to sex offenders and recent felons.  

Years ago I invested (passive equity) in a company Huazhou (in China) that ran an asset-light model similar to what you are suggesting where they found hoteliers that were under financial distress and Huazhou would implement systems for reservation and implement a staffing model and control management of the hotel.  

I really see the value in house hacking and I would like to implement it with a multi family.