What made you interested in investing in this type of deal?

., mortgage interest, taxes, repairs, depreciation) on Schedule E starting when the property is placed in service.

Your relo benefits will likely govern this decision more than other factors.

I am currently looking more for turn key at this point.

The percentages are going to be up to you There are all kinds of High interest account that require all kinds of hoops to keep them.

I recently watched a video on social media that mentioned the way he was buying properties and yielding the benefit of the sellers low interest rate is having the seller put the property in a trust and then purchasing the trust.

This is troubling.

A partner and I created a new LLC (51/49) in which two other LLC's have interest in.

And is this a smart choice? 

The general idea is that you must acquire an interest in real property you do not already own, and since you already own the subject real property you want to build on, the transaction must be structured so that you are creating an interest in real property you do not already own (in fact, it does not yet exist).