I'm about to finish my 3rd required course and apply to take my exam but wanted to start exploring brokerages and getting a feel for the industry first hand.

If the partnership is throwing off ECI, it may be beneficial for the NRAs to invest in the LLC through another LLC taxed as a C Corp.US tax treaties with the UK and Ireland would need to be examined.Creating disregarded SMLLCs for the NRAs might create issues with lost tax credits due to the disparity in treatment between countries. 

We purchased the building for 1.1 million, and we were able to negotiate a $30,000 credit.

@Brian Stike i think your best course of action is to continue to rent the property and take your small loss each month.

Then chart your course.

Because  my credit it just average 640,  and my debt to income ratio is high.  

I'm currently working a 10-year plan for retirement, at which point I would like to relocate (to the Outer Banks, N.C.) and allow one of my sons to take over the mortgage payments on my residence (financed at 3% thanks to a loan mod from several years ago).Credit is okay but not great.

There are all things banks look at when lending aside from the objective (i.e. credit score, collateral, etc).

Does failure destroy your reputation and your credit?

A benefit of a USDA loan is that it has lower credit requirements, and it offers 100% financing, but there are income limits. and if you find a house in a USDA eligible area, you're going to seriously limit your market for rent and/or resale due to low population.