Being from Delaware myself, I look forward to your contribution!

I am a newbie to renting and I was wondering how much do you contribute towards the upkeep of the home.

Hopefully one day I will be able to contribute to that feast with some experience of my own.

.- buy and close the property in your personal name (without your partner)- transfer the property into a grantor trust or land trust (this is allowed and will not trigger the due on sale clause)- assign the beneficial interest from the trust to the LLCIf your partner is contributing any of the downpayment, it gets more tricky.

So I can only use the SDIRA to contribute equity to the deals?

You see, you offer few answers that, until answered, we can't give you a meaningful  response. 

Looking forward to finding a good local group to be able to be a sponge and contribute where I can!

Those who contribute have no idea what the information means to someone like me starting and trying to decide if this is for me.I've only been on the forums about a week or 2 now,  but it's great info. and I'm looking forward to learning more and hopefully dipping my toes in the water and moving towards working for myself and being truly happy!

I did not take into account prior landlord experience and we don't count the equity they have.What I do though is figure out how much income would be required with the following assumptions:We use 75% of gross rent from each propertyWe subtract the full mortgage principle and interest payment for each propertyWe subtract the full monthly HOA for each propertyWe subtract the monthly utilities they are paying on each rental property (often this is zero since tenant pays in most cases)We subtract monthly property taxes for each propertyWe subtract monthly insurance for each propertyThen, we divide by .45 for debt to income to find out how much income they'd either need to offset and "carry" this negative cash flowing rental or how much income this property contributes and therefore how much less income they need to earn.Does that seem right to you?

Hey Maria,If you put together a rough business plan with timelines and goals we can comment on it.If someone asks how to do something, it's hard to figure out the background and capabilities they bring to the table.On the other hand if you ask: "I have this opportunity and I can do A, B or C but I'm inclined to do B because blah blah blah"Now you'll get meaningful feedback!