We have had voucher tenants in two separate markets and have found them to be our top performers overall.

I think if you are going to keep all three parties involved as owners of the deal long term then you need to separate yourself as a renter and a contractor.

Or you can sell it, split the equity, and go separate ways.I'm not a fan of borrowing from family/friends unless all parties are honest and everything is documented in a written contract.

I would first separate out the original purchase price between building and land.

In Wilkes-Barre there are lots of side by side duplexes (double blocks) that are separately titled.

if you have an LLC and both properties are under it, you just need 1 operating account.If both are under your personal, 1 bank account specifically for the rental is enough for operating.Security Deposits should always be a separate account altogether.

Plus I would get some separation between the 2 stand ups.

The IRA has to be treated as completely separate from you.But lets say you have $200k in a IRA.

The property is a 3 bedroom, 2 bath (one of the rooms is the master with its bathroom and access to go outside), with a separate garage and an unfinished garage unit.

Challenge: It's in a neighborhood (no HOA), and renting the entire property (sleeps 25 in total) caused problems in the neighborhood, due to noise and parties – so we only rent the separate cabins now.