We engaged professional management and are currently making capital improvements to renovate and upgrade units and resolve deferred maintenance.

Also I don't engage in leases over a year, or under a year. 

There are other ways that are just as effective and not detrimental to sellers credit.

I have been reading books, listening to podcasts and engaging with others here on BiggerPockets.

What you effectively have is a general partnership at that point.File 1065, allocate debt basis to whoever is named in the mortgage, issue K-1s to partners, call it a day.Of course @Jason Iskarpatyoti, you should always engage a tax pro to examine your facts and circumstances so they can dial in advice. 

What is new is that you may no longer benefit from itemizing like you used to, effectively killing this deduction.

If you don't do this properly, and you have an uncooperative tenant, you could dig yourself a hole quickly,It's been my experience that cash for keys is very effective.

Pros - My PM is fair and honest, makes reasonable decisions, is a decent handyman, builds valuable relationships, is easy to contact, is very cost effective, strong and handsome.Cons - My PM tends to read the news and drink coffee too long in the mornings, takes too long for lunch, randomly stops working in the afternoon, will spend 8 hours working on something that takes a professional two hours, drives a crappy Ford Ranger and buys work clothes at Goodwill and is neither strong nor handsome.

I am wondering is it possible to secure at least 2 homes with this money and if so do I need to start an LLC first to put them under so it wont effect my credit score even though it is a 750 and also to keep it from coming back to haunt me in the future when do try to buy my own first house to live in.

Not sure if you can do this or how the set up is but generally the noise (stomping, running, house shaking) in many places tends to travel down more noticably than up.I would think any soundproofing options would be costly and possibly not as effective as necessary.