Hey community! So I am starting out in real estate. I am partnering up with a good friend of mine. We plan on creating an llc. However, from my research it seems as though getting financed for a property with an llc t...

The building next to yours looks much nicer and has THREE security vehicles parked in front.

This means that someone who makes $43,000/year would now eligible to buy this room condo, and have access to a vehicle through which to build equity in an asset as an alternative to paying rent. 

The closest analogy I can make here is when someone "takes over payments" on a vehicle.  

Pay your vehicle loan, credit cards, etc because in 12 months all of the accounts you pay out of a business checking account will be omitted from your DTI in the future. 

You have to be up front about how the property is being used.Also, remember that umbrella insurance will not do anything for you if the underlying property or vehicle is not insured correctly.  

This reminds me of a police officer  pulling somebody over without reasonable cause and asking to search their vehicle and if the person does not consent, they’re saying you must have something to hide.

I have several vehicles and lots of stuff in general and a wife that would not be ok with a duplex.  

Wow that is exciting & I am sure there are many (including myself) who are jealous we didn't start investing at a younger age.I am going to let the experienced investors answer your great questions.

Management is an experienced USA team.