If rent is not paid physically at a branch (i.e. it is paid online or via bank transfer), the date of payment will be considered the date when funds reach our account. 

This is what I'm always looking for in a funding source. 

As a trade off you getting pretty nice benefit of tax-deferred growth.Distributions from Traditional IRA are taxed at ordinary income tax rates, and if you pull the funds prior to age of 59.5 you would owe penalties on top of taxes.

Did you get private funding, partner/joint venture, or hard money lenders?

I would for sure get ahold of some reliable licensed insured and bonded contractors who are knowledgeable and can provide you with previous work experience and call atleast 5-7 references.

I’d recommend using your spouses for the second purchase so that, if not exempt, your VA funding fees will only be 2.15% for first-time use each time instead of bumping up to 3.3% for subsequent uses. 

@Davey DavanoskiYou can have all the rental payments go to your personal savings or checking accounts, or for the purposes of easy bookeeping, you can also setup a checking account for the LLC and have everything go in there.Then sweep out owner funds each money to your personal account when needed.But, that is just for bookeeping purposes.

Hey all, new member here.Doing BRRRR in Ontario, have four small multi-family (2 duplex and 2 triplex) so far.It looks like I'm going to run into an issue with getting bank mortgages soon. They are complaining that I ...

The deals are there in the beginning for displaced, panicked and uninsured people FSBO because they have no emergency fund to pay for rent and a mortgage.

Have your attorney draw up the paperwork and hold back a large portion of seller's funds in the attorney's escrow account until he's out.