Another LLC member might be your S-Corp through which you run your income subject to self employment tax allowing you to do a salary / dividend split and minimize your SE taxes.Again, this is not legal advice, and I'm not the legal expert, but I can turn you on to one.David J Dachtera"Success is not a destination.

My $0.02...David J Dachtera"Success is not a destination.

Changes coming in the credit industry this summer will render that less valuable than it is currently, however.David J Dachtera"Success is not a destination.

AND i'ts our destination we are working towards.If we were to purchase here, we would try to utilize FHA loans since you can buy duplex's or greater as long as you occupy one of the units.

It makes your place a destination.

But the difficulty is that they need to be built one off each from a different approach to be effective - Finance, Sales realization and expense, operation Expense, NOI, ROI, and ROE, and appreciation.I'm going to sound like some kind of mountain dwelling mystical sensei but if you focus on the destination you can see the various paths that get you there. 

My initial goals are to acquire a vacation rental or two to generate a little cash flow( Myrtle beach or Destin).

It is important to set a destination or goal, but also do not get to bogged down with details that are irrelevant to you at this stage of the game. 

Will be specifically working in Pensacola, Fort Walton beach, Mary Esther, Destin markets. 

First of all, success is ajourney, it's not a destination, and all successful people start at thesame place.