You can purchase it as individuals or through an entity, like an LLC.  

For structuring your business, consider whether you actually need an LLC or if umbrella insurance might be a simpler alternative.

Obviously they need to specialize in real estate rentals, holdings, and LLC. 

You can set up a Wyoming LLC yourself.

A FHA 203k Loan is where the purchase price and rehab costs are rolled into a single loan.The downside of using FHA or a FHA 203k is you will need to live there, for a minimum of one year (to satisfy FHA Requirements); AND because you closed personally, you will not have Asset Protection, in the form of closing in the name of a LLC.

If you are in an LLC and looking for better rates and longer amortization terms, I recommend networking with local and community banks. 

Buy and large I manage these rentals and we think of it as my side venture, not his.i already have the LLC but my tax guy won't file the rental in the llc because he says I need more than one rental and probably a Different kind of business entity.

Through the LLC structure it is possible to take advantage of the existing mortgages modified first at 4,125% 22yers and 1%, yes one percent, for 40 years.

I am working on syndications and JVs 

There’s a couple good eviction lawyers in town that can get them taken care of if you’re an LLC and can’t represent yourself.