He is very good about deductions on tax returns so his income looks negligible and of course banks wont talk to him about loans.

@Jay Breitlow would be someone to talk to.

I am looking to do a Wrap in Temple and would love to talk to you about this. 

Quote from @Breland Clark: I would like to know more about developing land and subdivisions for new builds and apartment buildings. talk to the land development arms in your city or state.

Pricing in DFW probably means you wont live rent free,and will have to pay your fair share of normal rent, but you also get 3 more people contributing to your loan paydown and you get to keep the appreciation.Buy hey...maybe I'm wrong....go talk to a local bank or credit union near where you live and get a term sheet from them for financing. 

(Talk to you tomorrow)

I do not have any loans through Flagstar Bank, but I would talk to them prior to moving it into the LLC.

People don't read STR descriptions you see this alot with international properties where people expect US standards.

I'm going to reiterate what's already been mentioned above, but I'm going to actually give you examples of why it's relevant to you to find a U.S. tax professional.1 - You're going to need to file U.S. taxes once you have property down here, there's federal filings, state filings, and sometimes local filings too2 - Tons of tax treaties between the U.S. and Canada that are easy to miss and can cost you a lot of money (important one with rentals - effectively connected income - if the professional you talk to doesn't know what this is, run away)3 - The amount of days you spend in the U.S. needs to be tracked and if you go over a threshold, all of your worldwide income could be taxable by the U.S.4 - Selling real property means up to 15% of your sales proceeds might not be available to you for years (FIRPTA)5 - Lots of nuance at the state and local levels, which both want to take as much money from you as possibleMain takeaway here is that you should find a U.S. based tax person.

Talking DOM is a 'blah, blah, blah' experience with landlords.