Establishing the core 4 is what everyone says, and it is important to have boots on the ground near your properties to check in on things when needed. 

Many lenders typically establish their minimum loan sizes at around $100,000, encompassing both the initial loan amount for the purchase price and any needed rehab expenses.

First you would establish an IRA with a custodian that allows for alternative assets and complete a rollover form.

I know I could loan 80% but I would want to stay on the conservative end of things to get established.

Consider your management style: if you appreciate hands-on work, smaller markets may be a good fit, whereas passive investors may prefer established management in larger markets.

Look locally for established real estate agents that specialize in investment portfolios.  

If you have $10,000 in monthly rental gross income established and rolling and you're in a 5 unit property or more (this qualifies the property for commercial loan consideration).  

In our area, if you aren't an established builder with a history of purchases, you will not be able to purchase either trusses or windows at any price. 

2 stay minimum is not required to place property in service.2 stay minimum is required to establish the average customer use of 7 days or less in order to qualify the property as an STR. 

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.