The $25,000 loss allowance that applies to some Schedule E rentals is not available for rental activities reportable on Schedule C."

I recommend reading the E-Myth Revisited by Michael Gerber.

Ideally, I can get enough income and equity from buy and hold properties from small multi unit properties, using BRRRR strategy, that I could use a large portion of the cash I have to build the community as a passion project, so to speak.

That is definitely something I'm open to, unfortunately, I have no idea when I will be moving back to the states, so rather than wait for that I'm looking for ways I can get invested within the next year or so ideally.

One is cash, and I have to chase her down every month, but she lives 2 minutes from my house, so I deal with it.Bookkeeping: I use quickbooks. 

I have great credit 750+ but am not sure if it is ideal to just pay cash or to get a loan.Anyone been in a similar position? 

You will want to button that up because the interest deduction would fall on your 1040, and you would want it falling somewhere else on your tax return (schedule E, business return, or the like).  

Ideally for the best fannie/freddie the loan amount will be $1mm+.  

You just have to calculate that into your projections as a cost of doing business.I suppose, ideally, you could get your license and go through your own broker for the sales contract and legal support in purchasing your properties.

I deal with old plaster demo and asbestos etc, and today I ran out of masks.