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.

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

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

If I invest a multifamily through a Roth IRA, will I still receive the same tax benefits as I would with personal cash when I file my tax return?

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

It will familiarize you with the basic terminology and benefits.

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. 

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.  

Look into a DSCR loan that uses the property's cashflow instead of your personal income to qualify.This is a tax free move as you are using debt plus you still benefit from all the benefits of still owning the first house.Your future self will thank you for stacking houses this way as your cashflow and equity will build up over time creating long-term wealth.To Your Success!

I noticed you are a lender who operates in my state as well, if you have some time available I think I would greatly benefit from learning what I can be doing to increase my chances of securing a loan and what lenders look for in potential clients.