You may have seen it already - but if not ee this the following change for 5% down-payments beginning in November - which is a game changer for those in this exact situation.Fee free to reach out with any connections on the legal side.Good luck!

I have 12-doors there and it's been extremely good to me.My best advice is to make sure you do your research and can trust the folks you work with.The people you work with will be everything. 

You should be able to locate lenders that offer down payment assistance at the time of financing.1.

You're probably going to want to put a higher amount down on a property that doesn't need work so that the rents cover the entire mortgage payment and then some.

I haven’t found a property management software that will collect the rental payments and subsequently process them into my SDIRA custodian’s online payment portal.

Does anyone have any creative ideas on how to structure the financing so that we aren't floating a huge monthly payment before the business even opens? 

Some folks keep property in their own name, others setup entities, trusts, etc. 

Not an attorney or accounting or financial advisor, but what I’d do if it were me: I’d remove the children from the deed, finish the HELOC, then create a living revocable trust naming myself, my wife, and my kids as beneficiaries, and transfer the deed to the trust - done!

The key for me was putting together a good and trusted team.

If not we could work out a down payment with cash, and finance the repairs through our day jobs.