I am using formulas found on BP and I understand they're just a baseline but it will take some time to learn how to squeeze those numbers depending on the deal. 

. ;  )Depends on how you view it I suppose :P Since we are (in many people's views) "gaming" the material participation test laws here, I would consider it a loophole.

- but in Vegas nowdays buying a condo, one looking at mid-200k in decent area- homes let’s say 400k plus… rent is on avg: 1500-2500 ( depending apt / home and of course size)- so how this makes sense to buy and rent - especially with todays %rates,- or someone is willing to put 50_70% down at least ,….thanks 

Depending on your tax regime, you will need to make monthly or yearly (or both) tax declarations. 

The final product will depend on what the client wants.

I think it really depends on what type of work history you have.

This all depends on your income and risk tolerance.

As far as closing in an LLC, you can do this with a bridge or DSCR depending on whether you’re looking for a long term or short term financing solution.

Benchmark, Touchstone, First National Bank, First Citizens, First Carolina, Wake Forest Federal, and Providence ... all depending on the location and the deal.

Depending on the market and neighborhood those can be outdated very quickly.