I just became a pro member a day or 2 ago and watched the webinar on multi families (I know there is more out there on the subject I've listened to Crushing it in apartments and commercial real estate by Brian Murray around 5 times now) but I just don't know if I'm suppose to go secure my finances first or look for a deal first.

I will be installing new security cameras around the area but that will only capture what has happened. 

The income is taxed as interest, which means ordinary rates but no self-employment (Social Security/Medicare) tax.

I would seek competent tax advice, but if your spouse is working a regular nine to five type job (hourly wage or salary) then the choice will probably be straight forward.

Since as disqualified person you are not allowed to provide a personal guarantee for a loan to your IRA you may not use conventional loan, you must utilize non-recourse loan (meaning the lender has no recourse against you personally, property is the only security for the loan).

If you get a judgement I hear you can take money out of her security deposit  :-)

We have a flip property that we close on this Friday.ARV (by Subject To Repair Appraisal) = $440KPurchase Price = $230KRepair Estimate = $100K We have secured private money to take the property down @ 10% and no points, but this is the first time that we have used this investor and when we met him and his wife for lunch today, he asked if we would be supplying the cash for the repairs.  

Having the buddy live in it fills a need for onsite security for it, and to have someone who can help with the rehab without having to be an employee.  

multiple partners In one deal and the partners don't know each other is running up on a securities offering or deal you may want to tread lightly there.do what @Brie Schmidt  does compartmentalize them one investor one deal.. no pooling pooling of investors into one deal is a BAD idea unless you have a PPM structure and adhere to the securities rules.. you take on a ton of risk doing that. and way to much for just little vanilla rentals.

Im a regular attendee of the main KREIA meeting and some of the sattelite meetings. its invaluable info, and very large.