They pay Trash, water, sewer and the tenants pay electric and other needs (cable etc).

A "landlord" or fire policy as most companies refer to the insurance on the home, is actually more expensive most times then traditional insurance.

I will be using traditional financing for the purchase.  

You'll never get a traditional mortgage under the LLC's name.

I would probably suggest a traditional consumer auto note?

Hello BP Members - I have a self directed IRA (traditional) and plan to use it in a flip transaction with a friend of mine where the IRA would only be an equity partner.

Does it make sense to go the traditional path until you get capped at a specific number of properties and then switch to a portfolio lender (just given the more favorable terms most likely with conventional)?  

It's a cleaner unit but it has electric wall heaters instead of a tradition furnace.  

What Tony did do is a great job of buying hard money, and transitioning to traditional financing- locking in a great low interest rate.  

As an agent, I've encountered quite a few clients that can't get a traditional mortgage.