Is that how they are actually structured?

However, it might be too early for you to tackle such complicated tasks like building new structure from ground zero. 

As to depreciation, 80% of structure value can be depreciated.

HOW TO PROPERLY STRUCTURE BUYING A HOME WITH CASHWith these rules, you can see how it can be confusing to get conventional lending when buying a home with cash but there is absolutely a proper method to structuring your deals when buying cash.

Is there a standard structure for the managing member and other investors in the group? 

However, principal structures with living quarters less than 1,700 square feet may have an ACD up to 700square feet.

Let them know you want to find a way to structure the sale to benefit you both.

So this investor wants to put his capital into the LLC that will hold the real estate and then wants his 40% ownership held by a newly formed anonymous LLCThe down payment capital is in the LLC and the high-income partner is guaranteeing the loan.Is It possible to get a mortgage with that structure? 

I am 29 years old and currently work for a private jet manufacturing company in Savannah, GA as a Structural Test Engineer. 

Easy solution, also looks like you are structurally sound on this one.