We always do our deal analysis so at 65% we cover all expenses plus P/I so you should do well.   

You're in NY as well as I, so I hear you with regard to finding property and it working for you.   

Initially, we were thinking to make an LLC.

Some banks might require a cash portion to your initial investment.  

Investors buy shares and earn returns through dividends and potential stock price appreciation.You typically can’t lose more than your initial investment with publicly traded REITs.

They may get paid on the 3rd and need to not initiate a payment until their paycheck hits their account to avoid being overdrawn.I personally have a 5 day grace period and rent is considered paid when the transfer is initiated.

This land was from my initial protege.  

@Jessica HowellIn the operating agreement we typically put like $1,000 as initial contribution.

So initially there was at lease 15% equity and on some the appraisals came back higher so there is even more equity. 

Initially I was planning to withdraw Roth IRA $ to invest.