This seems reasonable to me, since I'm taking responsibility for the full bill upfront, and paying my 60% portion.

If you're living in a small multifamily home and you buy right, your portion of the rent would likely be that or even less.

It's the documentation portion I'm most concerned about and need to make sure I'm up to speed.- I'm quitting my job in a month and need something to do.Regards,Palbir

Cost of water continues to be a massive portion of the costs for building.

The investor is highly motivated and is willing to provide a significant portion of the financing to get the portfolio out of his hands.

The investor is highly motivated and is willing to provide a significant portion of the financing to get the portfolio out of his hands.

I know Dodd Frank can come into play if any portion of rent is applied to principal.  

In otherwords, we allocate a portion of the return as a cost of capital before we split. example -$100,000 investmentwe provide 100% of cash at say 10%Property sells for $150,000 net at the end of 1 year.Proceeds Pay outLoan Repay $100,000Interest Repay $10,000Profit split of $40,00030% to us70% to you

My *understanding* is that in our case, where each of us own 33.33% of the LLC (all with SDIRAs) that any additional funds would all have to be invested into the LLC in the EXACT same portion.... meaning we could not 'change the make-up' or ratio of how things were set up. 

Although it will unlikely cover your entire mortgage it will damn sure take care of a generous portion of your monthly payment.