We’re fortunate in Idaho to not have as unfriendly a state government with respect to landlords.

Even if its only a couple places as long as your not making it super difficult on people and your respectful I think people respond well to that. 

I'm not trying to be disrespectful but I say "GO" with your gut and installed nice kitchen furnishings, (and see what happens), and "IF" your nice kitchen furnishings are destroyed then he/they is/are to be held accountable, (and ask for strong security deposit),I remember when I was hired for JcPenney and it's JcPenney Store Manager walked through lamp section (where I was working and dusting and re-arranging lamps) and said to me that I had belong in "Fine Jewelry" Department and moved me into "Fine Jewelry" Department (where I was required me to hold keys for "Fine Jewelry" Department)...This had lead me to seeing video of how person is "Judge/Misjudge"...In video 2 different men (at separate times) walked into "Fine Jewelry" Department,In 1st video the man was professionally dressed and it's "Fine Jewelry" Department Rep was eager to help him (later she learned he didn't have any money and he walked out) and he didn't say "Thank You",Then....In 2nd video the man was homelessly dressed and it's "Fine Jewelry" Department Rep wasn't eager to help him (later she had learned he was millionaire who did have money, and never approach him (and she lost sale)) and he did say "Thank You"...So moral of this comment is: "Just because property is in bad area doesn't mean tenant/tenants bad person/people..Let your property be different from other properties to give tenant/tenants a chances/chance of "Positive" hope"...Yet at the end of day you R "Final Decision Maker and I will respect your feelings..."

But my lawyer is freaking out with respect to number of covenants on the property.

But my lawyer is freaking out with respect to number of covenants on the property.

You’d definitely want to make sure rents in the area can support and pay for your new mortgage based on its ARV allowing for capex, property managers, vacancy, etc. and still cash flow.I don’t think any of us can predict the future with respect to interest rates and what the market will do.

So then to for capital partner and services partner to split profits 50/50 with respect to this property should be ok, regardless of who holds title?  

Digging in a bit deeper the only extraneous fees I see are:Lender fee/points = $1,419Settlement statment = $600 (this is usually 150-250 in my market, so it's possibl 600 is a locally normal rate, but dang)The taxes and insurance are controlled by dat gov'ment and you, respectively. 

Looking to make several more acquisitions over the next few months but at this rate will likely go back to the drawing board with respect to who I work with.

They do not provide meaningful oversight or guidance with respect to tax code compliance.A checkbook IRA LLC is an enhancement on the above structure that is generally more time and cost efficient for investors with a more diverse portfolio.