But from what you posted, being in the path of development, near a major U is a good thing.

I would do your first few deals as Joint Ventures.

@Troy Fisher @Andrew KniffinCan you also PM me the contact infointerested to see whether u end up buying a property, Andrew Kniffin

That’s the kind of investor we among others, joint venture with. 

Its like renting it to your husband if you file taxes jointly. 

Not sure what u are using, but rental application fees should always get charged to potential renters( ex.

I would prefer to manage everything through the LLC's account for bookkeeping and tax purposes.Proposed Solution:Open a new joint personal account specifically for making mortgage payments.Transfer the monthly mortgage payment amount from the LLC's business checking account to the joint personal account.Document these transfers as "Owner's Draw" or "Owner's Distribution" in our accounting records.Use the joint personal account to make the mortgage payments.Questions:For the CPAs and accountants out there:What are the tax implications of this approach?

But, there are other ways like teaming up with someone and joint ventures where your credit isn’t even used.

But I get it if you can invest 500.00 U certainly cant buy whole notes or secured positions with such a small amount. becomes a personal decisions make 7.5% with risk of losing it all or buy T bills for about 5% with zero risk.. its up to the individual investors.

We purchased in 2017 as a joint venture vacation home (for all of us to utilize).