I should get some tax benefit no doubt.

Sounds like you've also found a tremendous benefit in working with a local bank too! 

But if you guys think it is a great strategy and has many benefits over other finance strategies, it is definitely not out of the question for us to ask our parents.Lastly, can you guys explain how you guys get the 2nd, 3rd, 4th,... rental property works as far as financing?  

I believe that a well written letter that offers benefits to the reader and an easy call to action is one of the best ways to find great properties.

This should benefit you.

After getting married and adopting a newborn baby, I recognized the need for the health and life insurance benefits of a full-time position and hired on with Tandem Computers in 1992 making a six-figure salary.

IRS rules prohibit any direct or indirect provision of benefit, goods, or services, between the plan and a disqualified party - in either direction.  

I was being deliberately black and white, when I knew there were grey areas.My counter-question would be then: of what benefit is it whatsoever for a Wholesaler to be Licensed?

You have gotten good advise and a number of suggetions.Your job and the fringe benefits sound good and being an electrician is good both job.  

I use this format: PETIOProperty - type, description and rough as-is and ARVEquity - value less recorded mortgages and liensTitle - Record owner, entity or living or deceased person(s)Interest(s) - if owner is a deceased individual, need to know who legal heirs areOpportunity - specific ways to benefit, such as buy, fix and sell, or fix and rent, etc.You'll need a working knowledge or someone who can research title for you.