However, if you proceed Id suggest you do it for yourself first and over time, if you get confident in it then bring Mom´s money in.

The outcome probably depends on the wording of your lease and any related paperwork.Example: Thank you tenant for your $X payment for your first and last months of the lease.If the lease is otherwise silent regarding the last month, the tenant bought a month of tenancy regardless of future pricing.

I am new to real estate investing, and I'm beginning classes toward agent licensure in June. 

So far it's been great, I was very nervous at first but I found great info in the forums and youtube videos that helped me take the first steps.

We live in Ohio and both have prior real estate investing experience, but this is our first business venture working together, and would like to set up our LLC in Wyoming. 

My main concern would be using HELOC on personal residence to make first real estate investment, not as concerned with the Roth/IRA but still don't want to make a big mistake on the first one. 

I recently bought my first investment property that will start as my primary residence with 5% down.

A bed would be the first thing , maybe a dresser and a night stand 

We are still uncertain on which asset class to choose.

Last month, I purchased my first rental property in Baltimore for $117k and invested an additional $13k in renovations.