(b) Hold 10% or more ownership in the property thus being a managing member of the ownership entity.

I also can mentor you on the property management end so you can speak intelligently when working with buy and hold investors.Happy to help if you’re still interested!

If you qualify, it is a nice option.In the IRA format, you need to start with an IRA held by a non-traditional custodian, then have the IRA make a single investment into either an LLC or Trust to obtain checkbook control over the IRA.There are a few firms that specialize in establishing a checkbook IRA trust.If you are investing in non-liability risk assets like funds and syndications, there is a clear advantage to the trust as it is not considered a business and therefore not under the purview of the CA Franchise Tax Board.If you will be investing in rental property, the limited liability protections offered by a LLC may outweigh the cost and headache of California filings. 

the best flippers are people who are in the business of flipping.it takes capital to buy and hold while you rehab, and then you might be waiting 6-12 months for the payout.so i never recommend that investors start with a flip

I had discussions with two local prospective builders but nothing was making logical sense to me so I put it on hold.

Investment Info:Single-family residence buy & hold investment.

Since I have a primary home and investment home A, I am having trouble financing investment property B through a traditional mortgage. 

@Benjamin P.I use this equation to back into my maximum allowable offer (MAO)ARV - Rehab Costs - Holding Costs - Purchase & Sale Costs - Desired Profit as a percentage of ARV = MAO

Would it be best to establish additional savings accounts to hold deductions from my anticipated operating expenses (management, maintenance, misc)?

I am looking at buy and holds, so I don't think HM is my solution.