I would then have a personal expense of my lawn, so no deduction.However, if I do your taxes and you, in return, work on my car (which may be a 100% vehicle expense for me), it's less of an issue. 

I'm thinking to use one of the vehicle valuation websites and determine the truck's value from that for the initial owner's contribution into the LLC.  

I.e. purchase mortgages from originators and the package them in to other investment vehicles (mortgage-backed securities).A portfolio loan could be an option on multiple properties, but the lender would probably want them to all close at the same time.

@Jayson BellA self-directed IRA is not typically a "starter" vehicle. 

Hi Nick, good choice on wanting to use real estate investing as the vehicle to Financial Freedom.

This is my "treat yourself" upgrade and the safety of my family factored more into that decision than before.But my previous 2 vehicles (all I've owned since getting my DL) were only worth about 2-3k.

Either a land contract or a similar creative financing vehicle with your uncle where you come to an agreement that he lets you do the rehab with HML and when you refi it is when you pay him. 

It may look like an inexpensive vehicle to get into real estate investing but it generally is considered higher risk and therefore comes with higher rates/fees and down payment requirements.

It's even worse if you finally got a fleet of vehicles to work on when that letter comes. 

I a new investor the only real estate i own is my primary residence and i have a studio apartment that i made attached to the home and my parents live there which they are paying me rent to live there so i guess technically i am a landlord (lol) about 2 months ago me and my family have decided we are going to leave sunny south Florida and move to western Massachusetts to start our journey in investing on long term single/multifamily rentals primarily using the BRRRR method as our vehicle to reach our goal of financial freedom !!