I was offered to receive an 8.0% annualized cash on cash return paid quarterly, with a 9.0% accrued annualized exit fee.

Accrue your assets and if you partner have the correct partnership agreement that allows for you to liquidate if you have a great equity position, but not the best cash flow to sell and get into better long-term performing assets until you can own enough assets in your own name.  

The reason you have to wait over 1 month and two weeks to make your first mortgage payment is because the payments for mortgages are accrued and the first fixed payment can only be made when a full prior month has accrued. 

Let the money sit and accrue compound interest at a fixed rate, multiple times per year.

You will also feel stress out that interest accrued over time. 

Keep the interest low (ZERO ideally) for long enough that you can fund the rehab, flip the property, and pay off the card with the smallest amount of average monthly interest accrued. 

You can avoid capital gains on recently acquired properties if they have not accrued much value.  

The tenant owes us almost $2000 in unpaid rent, penalties, and accrued water bill.  

I'm looking into purchasing my first property in the next few months after accruing some more savings to either put money down for a rental or have some cash with a partner for a BRRR property.

So, this is something I feel I should know, but am not 100% sure about:So, once you have an LLC formed to hold your real estate and start accruing cash which will eventually go toward your next property, can you invest that money in the mean time in CD's in say a TD Ameritrade account.