I'm balancing enjoying being involved in the business with the goal of knowing I won't have to one day.What are you finding in terms of how much money you'll have to put into diversified income/mutual funds to earn the monthly income needed to support your lifestyle? 

This is not a rule anymore, property value and rents have not seen the same appreciation and will never balance out even at 1% unless you are in C class neighborhoods. 

Create another LLC that will have the operating agreement to show them as members, their % of equity, rate of return, how often will the distribution will be, how will their principal get reduced, and etc.Consult with an attorney on setting it up.The money will sit in a checking account for the LLC.Make sure you are coding them in the balance sheet correctly to keep track of their contribution when distributing profits, interest, principal, and if you do a cash call for covering expenses that the income can't cover.Different ways to go about it.

Any balance after 5 years jumps to 18% so I'll be sure not to carry a balance after the maturity date.

@Anson K AuThey will very likely expect you and/or your KP group to have as strong a collective balance sheet as their existing client.

It's a delicate balance but there are some great options.

@Adam Walter I'm not a normal buyer of lower balance loans but when I do buy at this price point, I need to get an even deeper discount in addition to getting a 9-12% yield.

Probably not all the way right away though.Either way, if you find yourself in a position where owner occupying a duplex is similar expense to renting, you have to remember that you get tax benefits of home ownership, the mortgage will be paid off over time, and potential appreciation so the balance tips to owning being better.  

He also changed the ernest money from $10 to $1000, and didn't adjust the balance due at closing.

Now that I'm active I have to file a RCT-101 form every year along with my balance sheet and the tax I have to pay is called a PA Corporate Stock Tax which is based on the net worth of the LLC.You need to check with your state to see what the rules are in your state.