•Document everything – Ensure the transaction is structured at fair market value, with no special benefits to any family members.Bottom LineIt may be possible, but because of the family connection, the IRS could scrutinize the exchange.

People are not choosing the cheapest housing available.

Sub 2 people must have this problem too - how do you deal with it?

If I can be a help in any way let me know as I believe it's easier for a team or even 2 people to acquire goals than 1 person alone sometimes it takes the village.

Meeting some people tonight there to create a scope of work and do some additional discovery.

For sure you need a lender who understands them VERY well - try connecting with @Jose Valdovinos who is here in Chicago, but lends across the country!

People who have maturities coming up shortly and do not have the 20-25% equity to refinance or if they do in one project they are using one deal to support others. you have to treat each deal separetely and make sure they each support themselves long term.

I would connect with an experienced loan broker who can help evaluate these options for you.

Typically people making the designation a private lender is someone you know and have a relationship with and will privately lend you the money.

Transcribing transactions from bank statements, posting transactions to the correct accounts, and then manually creating an income statement, statement of owner's equity and a balance sheet is a fairly time consuming process and I have not been able to keep up with the book keeping between my regular work responsibilities.What accounting software do people recommend?