The good news is, if you put the bigger house into an LLC, the debt won't count against your DTI.Best of luckStephanie

When investing with a partner other than my wife, it must be in an LLC and the loan would also be to the LLC, and then my business partner and I would split ownership of that LLC based upon our respective input and responsibilities (which may or may not be 50/50).I'm not comfortable owning any investment property in my personal name (although I do have a few), but I certainly would not do so with a business partner...

The buyer sends a series of personal financial disclosures to their lender.

@Sean HarrisonIf you're self-employed, you might be eligible for a Solo 401k, which offers many benefits over a self-directed IRA: Compared to an IRA, Solo 401k contribution limits are roughly ten times higher.There is no custodial requirement for the 401k.You don't need the additional expense and administration of an LLC to have checkbook control.There is a built in-Roth component whereas IRAs are either traditional or Roth, not both.A spouse can also participate in the same Solo 401k plan.The Solo 401k has additional tax benefits over an IRA when investing into real estate using leverage.The penalties for prohibited transactions are less severe, though it's best not to utilize this benefit :)I'd recommend you reach out to a few providers who regularly post here on BP to get a better understanding of your options.

I have learned the lingo (for the most part lol) studied the analyzing process, and in the process of creating a business plan/starting LLC.

How many refinancing under LLC ?

Hi all,I'm just starting my real estate investor journey. I have a property I'm my crosshairs, but before I pull the trigger I'd like to get some community feedback on the best entity to purchase under for tax benefit...

Do I need to have an extra LLC to conduct REO Transaction?

Main criteria is you need an llc, typically 80 - 90% loan for purchase, 100 rehab, and ARV needs to be below 75% ltv. 

You usually need property in an LLC, has to be non owner occupied,  fees and closing costs vary by lender.