Anyone can open them and make contribution.

This way you initial contributions stays the same but now instead of making $400 a month you can find a property where you can cash flow much more since you'll be essentially putting in $98K down on it.

If I decided to not be so involved and just contribute financially would there be a preferred way to do that? 

I would always consider contributing cash toward your business and lead generation...10% of your income dedicated to lead gen that lands you a lease option or seller carried loan on a large MF is worth its weight in gold...actually more ;) Best of luck! 

Jason: To clarify I do have a solo 401k for my s-corp which I put $33K into for this year's year end bonus - my cpa explained this year maxing out to $54K is actually less tax advantageous as opposed to previous couple of years where I did make a max contribution.

If I had a preference, I’d love to do a 80% HML / 20% owner contribution as a silent debt partner in JV.

While this sounds "simpler", it actually creates significant administrative complexity down the road as the LLC will need to file a partnership tax return, and may not accept future contributions from either of the IRA accounts. 

Hello BPers,First, I want to thank all of you who contribute to this site for allowing a guy like me to sit on the sidelines for almost a year and just absorb information.

What are the section 8 contribution limits for a house that size?

If not safe I can’t move my family in which makes my budget unable to contribute at all.