No other state allows RE Brokers to do loans.. sounds like some confusion on RE broker and Mortgage Broker.

What are your thoughts on purchasing an existing home versus a new build?

They do share their secrets in how you can buy RE using credit lines to pay down your mortgage off in 7 to 10 years.

My wife and I would remain renting in our current apartment and we could easily afford to cover the mortgage indefinitely if/when it would be vacant. 

And it doesn't always match up to half the mortgage since the mortgage has nothing to do with rental rates.

This is my 1st post and I am so incredibly thankful that a forum like this exists and for any information to help guide me through this tough decision is so immensely appreciated! 

To evaluate Real esteate deals for creative financing, start by identifying seller motivations i.e. financial distress, desire for passive income, do they need a downpayment on their next house, etc  and property factors like equity or existing financing terms.

Or, he could rent his home and use the rental income from it to fund a mortgage on the new home.

Would the income earned by the LLC potentially qualify as eligible income for mortgage purposes in this case?

So then I shadowed a mortgage company, and fell in love with it!