You also must factor in the head ache factor of owning rentals.

Do you set up a LLC with "2" members, or that the property is on Joint-tenancy where each of you own the property? 

Our Federal Income Tax Bracket(Married Filing Jointly) is 22%.Considering we have to prorate the gain between qualified and non-qualified use, could you please help me understand how much capital gains tax would I owe upon sale of this property? 

Or is it best to stick with ACH of some sort?

ACH is freeTakes about 5-7 days for the funds to hit your bank accountExcelI use an excel spreadsheet to track my check register.

I highly recommend reading everything you can find, visit some meet-ups and REIA's, network here and on other social media platforms, and find a mentor or do a joint-venture with a more seasoned investor.

We pay something like $60/month for just under 40 units, and there are no ACH fees charged to collect rent from all those tenants and it is direct deposited the next day after they pay (even though the ACH doesn't actually 'officially' settle for about 4 days (they advance it to  you at no charge).  

If it was seasoned for 6 months, it's OK.What we did was show them a joint account my wife and her mom had for 10 years, and they approved it that way. 

On the business side we have a joint venture agreement that spells out or terms of working together. 1.

There are sooooo many ways to acquire or control a property without using traditional lending, sub-to, lease option, private lending, joint venture, owner finance to name a few.