Plus, if you aren't able to get approved with what you've got now in terms of savings, credit, etc. you can learn on what you need to qualify so you know what to be working towards. 

@Kyle Cross you claim to know a lot about the industry, but your questions are vague and so is the info you've provided.Not sure how managing 8 units doesn't, "require much management"?

I live in San Diego, CA and not familiar with Sherman, TX, so every piece of info would be highly appreciated.Thanks!

What are the pros and cons of each, and which offers the least restrictions, flexibility and cost savings for my intended purposes?

I'm not sure I would label this result "saving money" for your client, and I'm not sure I would brag about it.

They asked me to empty my savings, max out cards and then finally to take out a loan.

A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant specializing in real estate taxation, business taxation, financial planning and tax planning.Consider working with your accountant remotely to expand your options.I would also recommend looking for an accountant willing to work with you throughout the year.

Doing it in December will not save you any taxes anyway.

He tells you to pay him $5,000 (or much more) to learn all the "secrets" that made him wealth, but then he doesn't tell you that his "secret" was to increase earnings, reduce expenses, save up and invest.

Do you have a current need for that cash flow generated from the tax savings?