In my opinion as a CPA, I would think we'd each report the rental property income and expenses under schedule E of our form 1040s, and potentially file a $0 form 1065 for the LLC. 

.#2 Time - x-ray techs have flexible schedules (work more when young - make more money) then work less when you don't need to.    

I gave him 3 deals to close on in the same month, communication was okay.. once we closed on my deals getting in contact with him took 3 days for a 5 word response. he has yet to found 2 of the 3 properties. we scheduled the inspection which took a week to get him to respond to the draw inspections and we are now on my 4th week with 0 funds and no response from this scumbag. practically begging him to do the right thing, Through text cause he has not picked up his phone once.

First of all, fha loans are for owner occupants only.....you have to sign affidavits that you will live in the house for at least one year.Draw schedules are similar, or better, to draws a contractor normally gets.

I would encourage you to go to https://joefairless.com/work-joe-3/ and schedule a call with Joe.

Then, contact your lender to ensure an appraisal for the property is ordered and scheduled.

Not only are there no banks or traditional lenders involved, owner financing doesn’t necessitate an inspection or appraisal unless the buyer wants them.Once a buyer and seller agree to terms, monthly payments are made to the owner-seller according to an agreed-upon amortization schedule.

Cash is king, as they say.DO get started into wholesaling if you are able to plan, budget, and schedule expenses appropriately. 

The project I am working on close to home has had its troubles, but I manage every detail with a fine tooth comb and I am there every day.

I haven't looked into 4-Plex financing structures in a while and wanted to see if my assumptions are reasonable for a property we are underwriting.Does 25% down at 6% on a 30 yr amortization schedule work for a simple investment acquisition, or are there better options?