I have always advised my clients to avoid MIS unless they are willing to deal with an almost certain IRS challenge and a highly likely defeat.

The best advice I could give is don't confuse temporary defeat with failure.

Tenants are your customer not an enemy to be defeated simply because you are in the right by way of a contractual agreement.

Regardless, small residential homes (legal 2 families) are some what of a job, yes you could delegate some of the work but that is defeating the purpose, the ROI gets too low IMO.

But what would happen is often I would get a counter for more, so I started reducing my offers and then the seller would counter at full price and I would counter the counter by splitting the difference and most of the time they would accept, others demanded the asking price and I would cave in defeated.

Flunking the National portion of the Real Estate Exam has me feeling defeated and like it wasn't in Gods plan for me to be in Property Management.

I’m starting to feel defeated with all of this, but I’m trying to find a way.

@Alec Hilliard Yea, that might be interested if you are unable to REFi out, as that'll defeat the BRRRR purpose. 

Plus the IRS would look at this and likely say that Master LLC actually is the owner of A and B (given that all of the profits go to it) which would defeat the whole point of this setup.As you can see, your broker's suggestion is needlessly complicated and ultimately does not work (unless I am missing something).If you want to operate 50/50 with a partner, you both need to own the LLC (or LLCs) 50/50.

Almost like cheating defeat.