My response, “I help people emotionally, mentally, financially, spiritually, socially, and physically.

If you want the benefit of not paying 20% tax on the money that partnership would pay you back, you have have to specially allocate rental income or set up the preferred return to meet your desired income that incorporates your repayment of down payment.I am sorry that new law made it more complicated.

So if I start with a duplex or a quad as my first property my goal would be to have a net cash flow of $500I intend to use the "BRRRR" (Buy, Rehab, Rent, Refinance, Repeat) method but have never used this strategy before so I still have a lot to learnIf I only close on two deals starting in 2019 then I will need to find another 20 deals in the remaining four years (2020-2024) that also meet this criteriaBeyond 2024 I plan to continue to scale even more over the next 3-5 years with an end goal of financial independence by ~2030 (meaning that I will not work a "day job" but will passively manage my real estate portfolio)Biggest hurdle: I'm going to be living outside of the US for the next 3 years and will (likely) not be able to physically see any properties that I plan to purchase.

For commercial buildings, we usually use an LOI instead of an offer and it lays out due diligence (i.e. physical inspections, rent audits, T-12) before the P&S is even signed. 

You don't need to incorporate to allocate profits.

I want to start investing in Georgia since this is my primary residence and being physically here will help me learn all that I can with my first deal. 

Some might require that the business operates regularly within the jurisdiction or have a physical presence there or have employees there. 

I started out with sweat equity, moved to the point where it was a contingency plan if something went wrong, and now I am rarely involved the physical side of remodel projects.

My skill sets at this point are in the physical labor aspect of rehabbing.

Of course this advice is totally useless if you decide to physically move out of state ;-)