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.

If this is not your first deal it may be more beneficial for everyone if you offered them a deal where you evicted the current tenant for a substantially reduced purchase price.

And even if they do, the purchasing power of your defined payout reduces as you age.Social Security has to change how much it pays, when it pays, and/or how much it taxes to stay solvent.

Getting organized will save you time and reduce errors. 

The first brother Pete went over how to reduce rehab costs, a lot "do it yourself" projects.  

If you reduce it less than 50%, technically you're not in the clear but no one will bark about it.

That reduces your monthly loss to about $471.

If you are doing business in CA for example and operate that business using a Nevada LLC, do you think that you can avoid/reduce taxes - the answer is NO.

It allows you to reduce your housing expenses while investing.Send us a colleague request and we can show you how

It means that if something is "added back" then it does not reduce the rental-income one reported; hence meaning more is applied as " rental income sources" towards bringing the DSCR numerator up...towards the 1.25x needed for loan approval odds.