LLCs are normal for CRE, so you divvy up the ownership interest how you and your capital partner(s) see fit.What's your specific question? 

He is interested in REI, has good basic knowledge on REI and has more than enough saved up for down but hesitate because of current market, interest rate, rental demand, capex, first investment jitters, draw of stock market, etc, etc. 

When it comes to investors specifically, I recommend attending any and all real estate meat ups. 

I've never had a single complaint from any of my STR guests regarding not providing streaming services.Also, be sure to set that expectation up front in your listing - let guests know you provide high speed internet and have smart TV's so they need to bring their own log-ins if they want to use any streaming services.

The last few STR deals I closed where my client used a second home loan, they ended up putting down 20-25%, preferring to have more equity in the property versus giving away thousands in fees to the lender. 

My suggestion would be to consider the properties you're purchasing and focusing more on ways you can drive up the value of each property more quickly.

I suggest running an analysis and just sharing it here on BP.I am also happy to hop on a call and point you in the right direction based on some of my experiences- no matter what, keep at it...this stuff takes time.If you get a deal here in Chicago and need to partner up, I am your guy!

You end up being on the 10 year plan vs the 1-2 year plan.

2) Set up a HELOC to cover the cost?

Median prices are up 4.4% year over year, and average prices up 2.2%.