This way instead of filing Schedule C for the LLC it will file it's own tax return separate from yours and will issue K1 for both yourself and your spouse.An alternative to that is you can hire your spouse to work for you and pay him salary.

If you read up on it minimally, you would probably come to the conclusion that it makes no sense to pay someone to do what you can easily (and cheaply) do yourself.I recommend this, not because it's better than REI, but because (1) it is an alternative and/or (2) it is a pretty decent place to leave your money while you wait for your next deal.  

I overwhelmingly support alternative building methods, but there's generally a reason that they stay alternatives and never make it mainstream.

@Matt McConkey    If you want to discuss Acres Homes and possible alternative investment opportunities, send me a PM.

Instead of putting money into a retirement account and losing general control of it, why not look for alternative methods to reduce current year passive losses and tap into prior year suspended passive losses? 

Higher interest is their hedge against the chance that you default.That said, there are basic protections that can be put into place besides just "your word", and a lot of them have already been listed so there's no need in restating (mortgage, alternative asset backing, etc,). 

Make sure you have a complete understanding of the conditions of these units and how much capex will really be required.How does the rent compare to other similar properties in the area, or other alternatives such as nearby apartment complexes?  

Department of Education “have forced us to cease” operations.ITT was hit hard Aug. 25 by the education department’s mandate, which was made after ITT fell out of compliance with its accreditor’s standards and “put its students and millions of dollars in taxpayer-funded federal student aid at risk,” the department said.ITT last year received 79 percent of its cash receipts from the federal student loan program.The department also placed several other sanctions on ITT, including a freeze on executive compensation and an order that it increase its surety funds from $94.4 million to $247.3 million within the next 30 days.The company said Tuesday that it “exhausted the exploration of alternatives,” which included transferring the schools to a non-profit or public institution."

I REALLY, REALLY would rather focus on REI though so I'm trying to get a feel for the potential of focusing on wholesaling as an alternative or would I be better taking the extra income and put in buying properties.

Alternatively, you can also outsource this type of work with more affordable options from countries in Eastern EU, China, Vietnam, Philippines, etc