@Joe Splitrock you know Joe I didn't think about the tax liability, that just goes to show that one needs to take everything into account on a potential investment.

Originally posted by Account Closed:For a small basic house you should be able to build for $75/sq or less.

Biggerpockets family,Do any lenders take into account the rent from the other units when determining DTI for the borrower?

from my point of view if your an individual and not partnering with folks who ever is going to sue you is going to name you personally.. this is where you need good insurance to take up your defense as your first line of defense.whether they have the right to sue you is immaterial.. or whether they will prevail is immaterial.. if your operating as a group or partnership and have clean records this can limit your exposure to your ownership.other than that  retirement accounts should be maxed out they basically cant be touched... certain trusts.but just LLC labyrinths like you mention.. those are not going to do it for most or.. you will spend a ton of dough fighting to make the position they can't sue you. when suits happen everyone is named .. that's when you need good insurance to handle your defense.

No need to add him on the LLC.Having just done this myself I would suggest opening a NEW checking account that is dedicated to this project in both your names.

Account Closed Because in my opinion it is completely stupid.

I really feel like one option is for me to open up a new checking and savings account in my name and handle all money through this account.

The BRRRR Calculator does not have the flexibility to account for all the variations that are possible.Do you have Private Money ready for investing?  

If you complete your 1031 with a purchase then your accountant files the form 8824 as part of that 2017 return. 

As you learn all about MF investing, find a commercial MF (loopnet, brokers, property managers, off-market, owners) to learn and practice how to underwrite (start with the BRRRR tool here on BP) and parallel to all that, find a mentor/accountability coach (me) to partner (me) with, network for investors everywhere you can to acquire your first 65+ unit deal.