But, again, if you friends  in Indy know a thing or two about investing and can partner with you, where you both have a financial stake and they get "more" of the pie relative to their equity contribution in order to oversee the success, that would be the ideal scenario in my book.As for broadly in markets, both are considered pretty good.  

They can contribute half the purchase price, half any equity, half any money you've put into the property etc.Then have an ironclad partner ship agreement. 

Your credit score (672) is a bit on the lower side, which may also be contributing to the higher interest rate and cost.Have you looked into working with private lenders or small local portfolio lenders?

We’re excited to have you here and look forward to your contributions!

But get an LLC and rent from it personally...any cleaning expenses, paying your mortgage etc. come from the LLC's bank account, any outside money that you need to fund the account will be a capital contribution and then you will be able to do cost seg on that property.

Looking forward to seeing your contributions!

Looking forward to seeing your contributions!

If you are over these amounts, you can do a backdoor contribution, which is contributing to a Traditional IRA and then immediately converting to a Roth IRA.

As far as capital goes, those will be written in the legal docs as well if there are requirements of capital contributions, if so how much, who is responsible for what.

It’s inspiring to see your eagerness to learn and contribute to the real estate community.