@Cliff Durrett  - thanks   1) family  2) friends  3) reitement account loan 4) personal loan from your bank 5) leverage a car  ( unlikely to obtain from a bank or credit union )  6) local bank / credit union 

Although we did extend it and we did negotiate that our option payment would be a full credit to the purchase price so NO INTEREST Carry for us..

Some Type of partnership or a 50/50 LLC member ownership with his brother and can buy under that LLC because both of their credit scores are 700+, and 3.

Many states require a credit report review 

What you get the money for from your lender based off your qualifications like credit and loan to value ratio, with no cost would be called "par" rate... and from there, you can either buy down to get a lower rate, or you can take a higher rate to get a credit applied to the cost of your loan by the lender.A par rate is simply the rate that you get without having to buy the rate down while also getting no lender credit.

Do you recommend we use accounting software? 

Section two consists of the gross income from the property for investment, and section three will calculate the interest amount that is over your deduction amount that will have to be utilized in the following year.To ensure that your tax forms are filed correctly, it is best to have assistance from a certified accountant.

I have an excellent credit score.

My question - my CPA used to account for depreciation until last year as 27.5 years (residential property) but starting this year and going forward, he says it should be considered as commercial property depreciation rules (like 39 years) . 

The rehab took a lot longer than what I wanted, and there were a few things that we hadn't accounted for, but we officially finished in February this year.