I’m here to learn, share, and network with like-minded individuals who are also on their path to financial independence.Looking forward to connecting with you all, learning from your experiences, and sharing my own journey as it unfolds! 

You may already know this (you should know this), the JADU requires owner occupancy on the property to be rented as an individual unit.  

As someone who moved to Waco from Miami just because my wife got a senior position in Magnolia, I've met many families and individuals who have come to Waco from LA, NYC, Seattle, etc. just to work at Magnolia, SpaceX, Baylor, and some big churches in town, such as Antioch.

As a self-employed 1099 individual, your best route is most likely DSCR.

@Nold R.In addition to the great post from Dave, possibly consider an option where the property is taken out of the LLC sooner rather than later and held as tenants-in-common prior to the sale, possibly setting you up in a position to take your share of the proceeds and individually purchase a replacement property via 1031 exchange. 

You will start out as an individual investor and then as you scale become a commercial investor.

Quote from @Austin Schubert: Quote from @Chris Seveney: Quote from @Austin Schubert: Would anyone have a sample template of a proposal that you've used in the past that goes over how your structure a deal with a private money individual? 

Separate LLC per Property: Maximizes liability protection but adds complexity and costs with individual tax filings.3.

and connecting with local REI individuals and attending meetups to learn from experienced investors. 

Break down your rehab into individual jobs, for example get a electrician for electrical work, a plumber to repipe the house, a dry wall guy to close out the walls, etc.