That being said, as a licensed real estate agent, there are MLS and brokerage dues you'll have to account for.

A mistake I often see with these kinds of structures is it works when the deal goes as planned but when things go badly, those scenarios aren't taken into account. 

I also want to use this time to improve my credit score since it is not in a very impressive place right now.

Tax forgiveness is a credit that allows eligible taxpayers to reduce all or part of their Pennsylvania personal income tax liability.

Several reasons:  Phoenix is an expensive and hyper-competitive market; your monthly income is $4K which in and of itself is limiting, but even more so with most of that being cash; and your credit score, while not terrible, needs to be raised, especially with you being self employed and a mostly cash income.

The way I did it was I formed the LLC where the property is located and got a certificate of registration so I could have a bank account in the LLC's name in my state.

I do my own taxes with TT Premier, but I'm also a seasoned accountant and create my own schedules for depreciation and tax loss carry forwards.

Borrower is very experienced with over 800+ credit score. 

Based on what you're describing, I think your going-in criteria is definitely something that is strong *however* your goals may not match what current market reality is.When you say $3200/month payment - do you mean $3200/month before or after accounting for potential future rental income from your tenants in the other units? 

Or perhaps a foreclosure HUD is selling on hudhomestore dot com.On 203k you can buy with 3.50% down and get a seller credit for up to 6% of the sale price toward all closing costs and some of it can be used to buy the interest rate lower as well.