The meetings have been sporadic lately but are becoming regular again, with the next meeting on the evening of Tuesday, March 10. 

This should include how to value each member's equity in the LLC, how that is calculated, how the separation of portfolio assets will go, among a whole host of other things (including what happens if you or your partner becomes disabled, divorced or passes away). 3.

Contribute to a regular IRA as non deductible contribution as a backdoor to a ROTH.

If he's not expected to be able to pay much (or regularly), you might find yourself in the latter category.I don't know if you have an accountant now, but you probably do want to at least run it by one.

I am a firm believer that if you are investing in real estate directly, versus a passive model, you need to be doing site visits regularly, and being somewhere you want to go, especially if this is a side hustle, makes it that much easier.I do agree with @Derek Harris that, why not invest in both, if possible. 

If they're not it creates a host of tax "issues".

By any chance is anyone having any meets ups regularly that I can attend.

I was holding them regularly until the Carona struck.

I wish I could find stuff like that on a regular.

It seems like hard money is your best bet if you can qualify for a regular loan after I don’t see why not.