There would be a minimum of 1 property purchased per year for 3 years, and the profits from each property would not be available for withdrawal, and would just contribute to the funds future of investment.

I would say that “friend” LLC has some sort of debt in Property LLC and you and the “friend” LLC contribute the same amount or appropriate amount for the amount of equity.

At least with my company 403b I am allowed to use those funds, which I don't pay taxes on, to contribute to that account.

The question is, what are you contributing for him to go in on a deal for 50% of the profits?

@John WilliamsSEP IRA contributions amounts would be based on your wife's realtor business.The more money she makes, the more she is eligible to put away for the SEP.Depending on the goals for the retirement account - a solo401k may be a better alternative.

:) I'm happy to be here and learn and contribute to the conversation. 

I am very excited to talk with people and will try my best to contribute to BP!

I have heard a number of complaints about the HOA including they recently raised the capital contribution to join from $1500 to $3000.  

While the $$ landlords are willing to contribute to tenant improvements varies.

If you have any student loans that you're making payments on, that will help contribute to your score.