As well as, updating the fair market value of the account once a year.LLC would have LLC protection and add an additional layer of protection since the IRA is already a protected entity. 

I complemented it looking for more documents at the IRS site with Lance’s words and it was extremely helpful.Indeed, a multimember LLC can select how to be taxed sending a form to the IRS and, If taxed as a partnership or corporation, not be subject to FIRPTA because it is not a flow through entity (for this tax withholding purpose ) anymore.Anyway, I want to have a meeting with a real estate experienced CPA in the DFW area in order to clarify any details and establish an LLC with everything covered.

We've found it has superior reporting features, integration features, and is overall more efficient to work within than other REI-specific software.The downside is QBO is not set up for REI so you'll need to do that or work with an expert to ensure it is set up for your business appropriately.Something else to keep in mind is your entity structure and how your entities file tax returns.

In a DSCR loan, the borrower is an entity like an LLC or S-Corp.

Do you own these properties in a LLC or business entity?

Financing is a different situation when you have entities involved, meaning that commercial loans need to be used rather than what you have already experienced with a conventional, FHA, VA or other "regular" mortgage. 

As in some loophole that allows investment in real property through a tax exempt entity?   

This credit card stacking can also be done in an entity.

Creating an US business entity to purchase the properties. 

With all that in mind, I'm assuming that my first step is to create an LLC entity for protection and then have an attorney create a loan package with a note...right?