Under any scenario, any state, someone who sits on their rights and lets someone get into the weeds to the benefit of the person who sat on their rights, will NOT have those "rights" enforced by the courts.  

An LLC shields personal assets from business liabilities, while S-Corp taxation allows you to reduce self-employment taxes by taking a reasonable salary and distributing remaining profits as distributions, which aren’t subject to payroll taxes.

I also have personal W2 income, if that matters.Is there a loan out there for a set-up like this at 15% down? 

This requires an income that allows you to maintain your standard of living throughout your life.

My wife and I plan to purchase a few properties ourselves, but with the lead generation strategies I’ll be implementing, I expect to come across more deals than we can personally handle.That’s where you come in!

Real-life reps, to me, means seeing properties in person, whatever your asset class. 

@Nina Erlandson Personally, I have not heard of Obie Insurance.

My personal preference for a buy and hold would be an already established area (or an area that's still gentrifying, but has already seen significant progress). 

The issue was a person sold their home subject 2 and the person who bought it stopped paying.

Personally if you are looking to grow in real estate going the traditional method/way of getting good properties under agreement with traditional financing will get you to where you want to go faster than trying to find all the needles in a haystack.