@Fernando CardonaThere are a couple of items to think of here.You might be considered in the business of issuing money.The pro is that the interest on the loans you borrow from will be deductible against your income.The negative is that your income might now be subject to self-employment tax.You should think of the money you earn from a post-tax perspective.if you are borrowing at 6% and lending out at 10% - you are only making 2% if you are near the 50% tax rate(fed income tax, self-employment tax and state income tax).Depending on how diversified you are - one person not paying you back can make you lose all your gains/income

You can have a separate LLC that you can sell properties to from the joint LLC if you want to do something just by yourself.You'll gain an expert and funding.

@Shantelle Evans Thank you so much I have gained so much inspiration I'm glad I can give some back.

This would balance what your bringing to the table and help you gain experience.

@Michael WeisYou pay capital gains on sales the next time you file taxes.

Specifically, if I use Form 6252, all his gain installments end up on 4797, as they normally should.

If you have PMI it should mean you want to see out a higher (2%) gross projected rents as it relates to purchase price...Not to sound like a passive-aggressive jerk but are you 100% sure you understand the guideline?

Same approx. net to seller (minus about $15 per $1000 for increased difference on doc stamps of deed and Owner's Title Policy)WHAT IF SELLER HAS TO PAY CAP GAINS TAX ON THE PROPERTY?   

I have been attending meet ups, webinars, listening to bigger pockets podcasts and meeting with successful real estate investors and landlords to gain as much knowledge and insight as possible.

I  go to these things to gain a little bit of information if any, but I see no reason to go to the paid ones since I can get the information I need via online like Bigger Pockets.