Issue is we have the JV partner and they would like to be part of the ownership if we long term hold.

I'm going to think more about seeing if the seller is interested in keeping the trailers, selling me the land and holding the paper, and paying me lot rent. 

I am paying 6% rate for my primary residence.Why I should hold ?

@Tosin Omoba I just use regular epayment options like Venmo and CashApp but wouldn’t suggest this at all if your tenant is already messing around with the date of payment.

As far as not having “income” to get approved for a regular loan, you could get a DSCR Loan or hard money.

Anyone can recommended good lawyer to setup the LLC to hold few self-directed IRA and work together to buy property?

I have over $200k equity in my primary and I will be taking out a HELOC to fund my first deal but looking ahead - I'm not sure how long we're going to hold on to this house so I'd like to focus on building a business line of credit that I can always depend on. 

Take it on the chin and eat the 3 years of holding costs and increase in construction costs?

What benefits do landlords insurance offer compared to regular home owners?

The irs exclusion I thought was for ownership, which requires holding Title.