You would only pay taxes on all passive investments in a traditional SDIRA at distribution, unless you have a mortgage, then the portion of the income derived because of the mortgage will be subject to UDFI (unrelated debt finance income) which will trigger UBIT (unrelated business income tax). 

Hey Steven - An LLC is a solid choice for structuring your partnership since it offers liability protection and keeps things clean when splitting ownership and profits.

Typically most DSCR lenders follow a traditional 5, 4, 3, 2, 1, PPP or a 3,2,1 PPP.

As when people lose their jobs, the vacations they take is the first choice to cut back on. 

Looking for some advise if it is right choice to additional capital to this investmentHere is how I look at a capital call.

Remember when land buyers pick a target, they have TONS of work to do getting that property from dirt to payday, so they know their purchase choices, and they have a war chest usually stacked up ready to go.

How does one define design choices, etc?

You are invested, you are investing, you have control, direction, a say, impact, choices.

If you go with your traditional family insurance premiums will be about twice this, since they don’t specialize in this market.b.

.- The 203(k) will allow you to bid on properties that need repairs that won't qualify for a traditional mortgage => less competition => better purchase price.You will need to find a great local contractor you can trust to supply the required bids to qualify for the 203(k).- After closing, you can do some of the work yourself to save money, but the program doesn't allow you to pay yourself.You will want to buy a Class B property, maybe Class C+, in an area that seems to be improving.