When you say Checkbook LLC, do you mean Checkbook IRA LLC, as in a SDIRA?

Position on the capital stack - it's usually 1st or 2nd line position and gets paid out before equity. 4. if you do notes within an ira/roth Ira, you can have the money be tax deferred (if traditional Ira) and tax free which allows your money to compound quicker as you don't have the tax drag. 

(Builders, Leners, Insurance, Tax/IRA/Trusts, etc. ) Experienced and novice are welcomed.

Hey James,Good on you for slowing down and learning before jumping in — non-recourse loans tied to retirement funds (usually through a self-directed IRA or solo 401k) are a very different animal than a conventional mortgage.

I recently read an article that quoted the amount of money in retirement funds such as IRAs and 401Ks that is not deployed and available for lending. 

An IRA would make much more sense for a child too, right?

For tax-advantaged money, a self-directed IRA can sometimes be used for real estate, but it comes with rules.

We have a couple of target properties, and a back-up lending strategy will be that I purchase it through my Self-Directed IRA, but I actually have my eye on a campground that I wanted to possibly use the SD IRA to purchase, so trying to avoid that route if possible.Thanks in advance for any guidance.

If financially feasible, I would recommend considering investments in both short-term rentals (STR) and long-term rentals (LTR), as each can offer distinct advantages for building wealth and diversifying income.If you're currently in a high-income bracket, you may benefit from conducting a cost segregation study on rental properties to accelerate depreciation and reduce your taxable income in the near term.Additionally, you might want to consider:Establishing an LLC, potentially in joint ownership with your spouse (if married), which can provide liability protection and potential tax flexibility.Rolling over your 401(k) into a self-directed IRA (SDIRA), which would allow you to invest retirement funds into real estate and potentially gain additional tax-deferred or tax-free growth, depending on the account structure.

I should have dropped out of college and gotten an IRA