He talks about how you can purchase a rental property, manage it as a short term rental during the year you acquire it, do a cost segregation study, use those "losses" to significantly reduce your taxable income that year, and then turn the property into a long term rental in the following year. 

One more great reason to have a great accountant guiding you like these folks posting above!!

This thing is not a checking account.. 

Will they have to contact their bank ask to set up a recurring deposit to my account?

I used my Self-Directed Retirement Accounts to loan on several sheriff sale auction properties in the past.

I have studied a substantial amount but I do not have the experience yet.

Sometime in the next month or 2 we plan to choose the exact property.Short-term goal: Buy a turnkey single family or duplex which cashflows even after accounting for management and saving for future vacancies, maintenance and capex.

Study history, learn a bit about it, you may need it. 

How is a join account seen if is my brother me on it?

Needing to track everything from rentals, scheduling, leases, accounting and marketing - it was a big Ask!