Why build wealth if you and your family never enjoy the benefits?

The benefit is that my business parter/sister is a real estate agent, so she provides comps/evaluations on any properties we find, but I will definitely take all of the insight you have given me into consideration. 

Responses which are touting all the benefits or listing all the negatives should be taken with a grain of salt.

Own your own corporation by Garrett SuttonIt's a richdad book.Great breakdown of each type of entity with benefits and drawbacks of each.Jeff V

Does buy/hold offer better tax benefits- sure.

I like to reward good tenants that renew by making improvements to their home which also benefits you.

Hiring the right people and managing these people is a skill; and a skill essential to investing out of state.

The only constraint is that I'd like to see this replicated more frequently so that more of my extended family can take advantage of it and receive benefit out of it (both on the investment front as well as on the home ownership front). 

Essentially what that means, is if you lied on the loan application and at a later date the bank figures that out, you are on the hook.Having said that, you will have a hard time getting a non-recourse on a standard residential property (1-4 unit).

When I purchased my first home back in 1994, I used my VA benefit, 100k sales price, 2k VA funding fee stacked, 102k VA loan amount.