My wife and I are both Feds and just took out general purpose loans against both of our TSP accounts.

After school I have work where I am an assistant teacher at a daycare/preschool, which purpose is to simply pay for gas and as I would find out, books.I might be rambling, so if you are still reading, god bless you and thank you. :) So those books I mentioned.

A better question: Is a Quit Claim Deed the best document for the intended purposes?

If you're putting financing together and sign the loan then you have skin in the game and can ask for a promote percentage.

The idea is to first avoid FIRPTA by being treated as partnership but then later become a "joint venture" for long term taxation purposes. 

Hello James Perez Im also an investor in the Northeast Texas area but currently located in Dallas for school purposes.

Hi @Leonardo Roman,For any mortgage guideline thing measured in years, getting more specific than "years" serves no purpose, and could hurt you.

@Mark S.Depends upon how your single member LLC has elected to be treated for tax purposes and your business activity.  

I don't want to be shady, but the sole purpose of the second party would be to fulfill the occupancy requirement--my ultimate goal is to retain sole ownership of the property over the long term.If removing a second name from the loan required an outright sale, I'll need to figure out a way to structure that transaction to avoid borrowing from an institution which would trigger the occupancy requirement (private money lender?).

Tons of investors buy stuff for cashflow only and that is not necessarily a bad approach, but All of these things are for your awareness purposes so you understand your risks and what to expect and that you are likely buying at market rate and that your appreciation will be low.