One, couple of major expense items are coming up - typically I wouldn't say a water heater is too major, but at the low rent value you're speaking of eating up at least a few months rent relatively soon, and that's the best case scenario.  

If you were young and had limited money would you partner for your first deal or try to work a way to get private money on let’s say a $50,000 house?

My dad used to say a smart man learns from his mistakes buy a wise man learns from others mistakes.

Does holding it in an LLC vs personal name help protect your syndication investment against judgments and charging orders that arise say a personal suit? 

When they say yes....text them and ask, do you have a current section 8 voucher that covers (whatever the rent is you are asking).Also ask....do you have any felonies, etc.Also ask what kind of pets do you have. if they say none....great....if they say a dog...ask what kind ....if they don't know what kind of dog they have then move on....Also ask HOW many people would potentially live at the property and how many are 18 or over.....You can use this as a determining factor because if you have two candidates you like for your property and one candidate says it will be her, and her two year old living there vs. 

So I just wanted to make sure I understand some of the strategies to finance the deals and also if I am missing any, and also have the opportunity just to see what everyone has to say as I am trying to learn as much as possible.

@Mark @Mark Nolan is what you are saying mean that "Jim Brown" could use say a HELOC on his principal residence or some other property and use THAT towards the property that he wants to partner on with his SDIRA, but he could NOT use the property that he is partnering on as the collateral for the loan?

I'd say a large percentage of appraisals where there is no agent have issues.

More than likely My Situation:I can not qualify for another loan ( Investment Loan ) , do to my DTI already being around 33 , and the Max being 45 So qualifying and getting approved for a $50,000 loan is a no go ( I was told this, from two different Portfolio Lenders in my area )Soooo, this Leaves me at Looking to ( Most Likely ) get a HELOC via the Equity from my Primary I'm assuming a LTV of 80% for the HELOC , which would give me around $22,000 Now, with $22,000 , this kind of puts me in a quandry, in that I really can't buy an Investment Property outright Well, I MAY be able to qualify for upwards of  $26,000 - $28,000 IF I use my VA loan, to refi into , as I can get a Higher LTV with the VA The reason i say a MAX of  $26,000 - $28,000 , is that I can't qualify for more than this amount ( Even though I have  $40,000 of Equity ) in my Primary ....

First, I’d like to say a big THANKS to everyone in the BP community who’s been involved and contributed such a wealth of knowledge through the forums, blogs, etc..