That way there you can help speed up and increase your ARV, or rents.Since you have reserves you can either use your funds or a loan to also build an ADU or carriage home if you can find a multifamily home that offers a good size lot.

Then you can ask yourself if the tenants meet that criteria.

Mezzanine Financing: This type of subordinate financing can help fill the gap between the primary loan and the equity you're contributing.

It can be difficult when situations like these have to introduce new protocols.

@David Neubauer Forming an LLC is smart for liability but can save you taxes if get an S-corp.

Can you share some details on the deal...Which Chicago Suburb is the property in? 

Currently, I am taking the first steps investing in myself and learning everything I can from the great minds who have come before me.

I just attended the Bigger Pockets Conference and I discovered there were many books you can obtain through the Bigger Pockets website that might help you in your journey.

So, as you can imagine we have made a couple of moves throughout our career. 

Or if that’s not allowed sell it to a friend who will then sell it to my personal IRA at a discounted rate so when I turn 65 and sell the properties , I don’t have to pay any tax on all of my properties assuming I don’t sell them until they are in my IRA account…That is a prohibited transaction and not something you can do.