Or, if your investment holdings are in a Roth IRA, your investment gains accumulate tax-free, and you can withdraw it tax-free.You still must wait until you reach age 59½ to withdraw your funds, or else you will be subject to an early withdrawal penalty, and the withdrawal will be included as ordinary income on your tax return.

Just wanted to get a general consensus on the topic, eventually once I accumulate enough assets I’ll consult a lawyer and tax accountant.  

I've accumulated enough capital for an FHA loan and have lined a partner willing to do some hard-money lending.

Here is a list of the tenant protections (eviction rules, etc.) each state has put forth in light of COVID-19, along with links to each of the states' websites:https://www.nolo.com/legal-encyclopedia/emergency-bans-on-evictions-and-other-tenant-protections-related-to-coronavirus.htmlThere have been bill proposals of "nationwide cancellation of rents and home mortgage payments through the duration of the coronavirus pandemic, which would include full payment forgiveness with no accumulation of debt for renters or homeowners," but no actual bill has been passed to-date: https://nypost.com/2020/05/02/what-to-do-if-you-cant-pay-rent-amid-coronavirus-pandemic/The most drastic thing I've seen so far that comes closest to tenants legally not having to pay rent, is a temporary pause on rent payments in L.A.

You can force more appreciation in an income producing property and as you accumulate more wealth and continue to look for projects you will have subsidized housing costs and options.

Remember, in most states you have to pay the tenant any interest accumulated on the deposit so putting it in a cap one account for instance wouldn’t benefit you. 

As the bills add up I can't help but to get the feeling that now would be a good time to being an LLC or similar entity to start managing the repair cost under a business, which would favor me in the long run as we accumulate more properties and grow staff to manage them. 

option1 He offered me an option to purchase 1/6 of the property for a monthly dividend and a return of my money and 1/6 of any additional equity the house accumulates over the course of us holding the property.

option1 He offered me an option to purchase 1/6 of the property for a monthly dividend and a return of my money and 1/6 of any additional equity the house accumulates over the course of us holding the property.

It will build you equity over time and it keeps you on a path where you can get more properties as you accumulate new down-payments.