After you manage a few units, you can decide if you want to bring on a management team, and by then you will have the experience to know what a good management team should offer.Definitely get started and see how you can start contributing now.

Unless there is a goal of contributing more to retirement accounts, or making sure one of you has enough credits into Social Security it is generally a bad idea to take passive income and make it active subject to SE Tax.  

I also had small contributions from my family as loans. another portion of the money came from outside investors.

Goal would be to double free cash flowUse the $170k and then add in via 401k contributions enough to acquire a SFR, goal would be to double free cash flow.Thoughts?

We will each be contributing equal funds however we are not sure how to go about actually purchasing it.

I almost took his bait and sent some "appraisal" money I could have lost a couple thousand. not really BP's fault but something to contribute hahah

These are people who contribute the max to their 401Ks and divert X amount of each paycheck into generic "well diversified portfolios".  

They may have already contributed and received matching funds from their employer for 30 years. 

I would think it'd be one thing to make capital contributions to the business account from your personal account, as well as making distributions in the opposite direction, but clearly funneling rent checks through your personal account into the business account would be very different.

However, this maximum contribution increases with inflation.