Regarding my down payment, I qualify for VA loans and buying a primary residence means very little down for me if I don’t have the funds.

- If your uncle is providing all of the funding and handling the construction costs, the 33% share to the engineer might reflect a major role in the development process, such as managing zoning, permitting, or complex site engineering.### 3.

@Richard NguyenHere are some of the downsides of putting real estate into a self directed IRA or 401k.No tax deductions: You can’t claim deductions for property taxes, mortgage interest, depreciation, repairs, improvements and other property-related expenses.Property expenses: All expenses, repairs, and maintenance costs must be paid with IRA or 401k funds, and you must pay others to do repairs and manage the property.

However, if managing a rental doesn’t appeal or if the market conditions favor selling, selling could fund a larger down payment on your next home and keep things simpler.

There's been a massive revitalization effort that started downtown and has spread throughout the city via the Strategic Neighborhood Fund (SNF). 

What's your LTV today?

Your LTV seems impossible given you did not start with much equity and there was not enough time to build equity.  

We have found what works and repeat it as much as funds allow.

Have separate bank accounts for each LLC and never commingle personal funds or funds between LLCs.

But 3) Try multifamily specific brokers, crexi and loopnet, although 2-4 units maybe scarce. 4) A home equity line of credit is a good source of funds however it will generally make your overall monthly payments higher, so unless a deal is very solidly cashflowing, a HELOC may put you into negative cashflow. 7) Typically electric/gas are paid by the tenant - however this isn't true across the board.