So, an IRR rarely gets taken into account during due diligence, although like most real estate transactions, the exit has the highest potential for return.I'd love to know some average numbers for a turn key.

If you have a high 7 rate then it might be beneficial in the long run to pay it down if you don't want to put it in a 4% savings account or CD.  

Both my wife and my background is in manufacturing, specifically operations, customer service, and project/account management. 

@TJ Woolum did you end up joining mastermind or accountability group?

Good transaction accounting.

Some costs are eliminated (such as 'soft charges') while others are accounted for in the interest rate. 

That is the basic run down, I would suggest syncing up with a real estate knowledge accountant for your specific situation! 

I see a lot of awesome amenity packed outdoor hang out spaces with outdoor pools posted on the many STR related social media accounts that I follow, but I don't really ever see any pool fences or other safety features highlighted. 

So we create a partnership agreement and a new LLC and he funds the LLC account with 50k.

@Jim Stanley Keep in mind any expenses of your SDIRA asset must be paid for by the account that owns that asset.