He's saying use the word rental when creating an LLC to hold title to your properties as opposed to creating an LLC that doesn't so that it stands out to future landlords when they review a tenant's credit report. 

Some people do but they usually will invest out of the area for example if you do the math living in San Francisco your money will work harder for you if you rent in San Francisco and invest in other parts of the country as opposed to owning in San Francisco. 

I always give advice that will position new investors the best and smartest as opposed to those that want to rush in half a**.

I have aspirations to be a part time real estate investor, mostly for passive income, but I am not opposed to potentially making it a full-time endeavor sometime in the future.

Don’t have an estimated cost, but it will probably depend on how much needs to be re-run as opposed to just split.

But isnt that more of a speculation/gamble as opposed to tangible money?

If the private lender participates in part of the profit, are they subject to higher taxes (such as personal income tax) as opposed to lending at a set interest rate?

My plan/goal is to build up enough passive income through Real Estate (specifically small multi family units in East TN, but not opposed to SFRs) to quit my current job, move back to TN, and be a full time investor by the year 2025.

When you sell them, there will be capital gain tax on the difference between what you paid for those shares originally and what they are worth now.You cannot avoid this tax, you can only spread it by converting gradually, as opposed to all at once.

Las Vegas is in a situation where: Population is growingJob quality and quantity is increasingUnemployment is decreasingDue to the low cost of living and no state income taxes, is very likely to attract a percentage of people seeking a lower cost of livingHowever, there is more to the story.Corporate ExpansionThe 2018 Tax Law reduced tax rates and encourages US corporations to expand operations within the US as opposed to overseas.