Hello there! New member here. I wanted to get experienced opinions on our situation. My wife and I currently own a house in Royal Oak, Michigan (Metro Detroit). we have decent equity in the house as we bought it in 20...

He has nearly 40 years experience and his properties are owned in his personal name.

While searching for a home to buy I was purposely looking for a property that had a separate entrance, full windows (egress), own bathroom, and the space to create a one bedroom, full kitchen and laundry separate living space.

Let them set a month to month lease and then pay you as the cleaner/maid/contact person.

Thinking about setting up a property management company to use for my rentals to show the income as part of the management company rather than personal finances.

If you're asking for free advice from a stranger on the internet, I'd encourage you to find a different STR market unless you want to have a place in Kissimmee for personal use.

They are not typically designed to create a profit for the person running it, although frequently that person does well on the deals that come through the REIA's membership.

All transactions involving your IRA must be "arm's length," meaning that you or any other "disqualified person" can't be involved directly or indirectly, and that is not the case as you described above. 

The tool/template should cover (any other recommendation are appreciated):Cash flow analysisCap rateROI (Return on Investment)Rent rollExpenses and operating costsFinancing and amortization detailsDo you have any suggestions for resources or templates that would work well for this purpose?

They also have a Personal loan, $40k to $900k at 5%!!