This approach allows you to manage the property closely, benefit from homeowner loan terms, and potentially increase its value with improvements before renting it out.As you transition the townhouse to a rental, ensure the rent covers all expenses and provides a profit.

If you do not sell all units you can benefit from the capital gains tax.

It will familiarize you with the basic terminology and benefits.

I have came across HELOCs and HELoans but not sure which would benefit me best?

The biggest benefit of the LLC is in being able to have a sort of firewall between your companies and self.

None of you can personally benefit from something the SDIRA owns. 

Ask an accounting advisor if theirs any benefits to one or the other, but I haven't found anything significant beyond if theres a lawsuit, the LLC's state laws can be involved. 

It will familiarize you with the basic terminology and benefits.

In addition to organized bookkeeping, Buildium provided other benefits that accounting only softwares do not, such as lease renewals with esignatures, maintenance requests, a tenant portal for rent collection, 1099 preparation for vendors. 

About 15 years ago contract for deeds were virtually eliminated in Texas by legislation which not only limited the benefits of using a CD, but introduced severe penalties for even minor issues of non compliance.