What you spent on the land/lots can go towards your down payment and, if you've owned the land for more than 6 months, you can use the value of the property toward the cash injection requirement.

However, as W2 earners, these losses are considered passive and can only offset passive income unless you or your spouse qualify as a Real Estate Professional (REPS) by meeting the 750-hour and material participation requirements or STR is used.

.- If you decide to have an LLC for each property, creating a Management LLC that all the other LLCs "hire" to run their books, will allow you to only require a bank accont for the Management LLC.2) You may not be able to do a Trust.

Thank you Each state’s laws vary, but many/most will require a foreign corporate entity to register in that state before it can do business, and holding property title is a business.

With your Fico and down payment, all you need to do is make sure you pass the debt to income requirements. 

If you control how they perform tasks, set their hours, or provide tools, they should likely be a W-2 employee, requiring you to withhold taxes and comply with payroll regulations.

With tips, you could pay off the entire balance by March 31st. 

From fluctuating interest rates to evolving buyer demand, navigating today’s market requires flexibility and strategy.Are you seeing more opportunities in flips, rentals, or commercial properties?

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

Except that you will be required to get a loan for $200k or put another $200k from your pocket in to the deal.