I personally hate them and think they are little more dust magnets but will add some if crucial. :) 

I'm going to exclude my personal residence from this because I don't view this as an investment, I need a place to live.Excluding my primary residence my current breakdown is 47% real estate 53% stocks/cash. 

No personal income or tax returns are required.

If you've never done it and never looked at properties anywhere in person, how will you know what any of the numbers even mean? 

I can't just put the LLC's income directly into my joint personal tax return, right?

I plan on driving alot to find distressed or run down multifamily properties that possibly are owned by an out of state investor and reaching out however would like everyone's opinion or personal experience on some other creative ways.

These are usually from personal connections we have made through the years and the investors usually want proof of experience to participate in any deals.Can you recommend any lenders in particular for SBLOC product?

In theory they've tried all they can and are stuck on stupid feeling there life is about to be burnt to the ground. 

He's efficient and personable and is very able to assist you with questions if needed.Hope to discuss this with you further,

Feel free to contact me if you want to discuss further.