If your brother were on the same page then it could be great, but no sense investing long-distance and then further complicating it by adding in family with competing demands.

Gets more complicated for junior liens.

Matter of fact, creating an LLC and attempting to buy as an LLC might complicate buying investment properties, especially your first property.

I am confused.If the house is distressed enough conventional won't work, if your job situation if complicated conventional is harder or if you need power of cash offer and fast close.

It get's complicated and situational. 

Just getting on base is going to be hard enough, don't over complicate things by going to some place that you have never been, UNLESS that is your only play. 

I, having no experience flipping houses, was wondering whether this experience would be directly applicable to managing a house rehab.Not knowing the process/complications that arise with house flipping, I was wondering if any of the experienced house flippers out there could elaborate on their experience with managing a rehab/flip.

Tax implications:34922909120012008,801 income assume 1% GRM 12,000 a year Net taxable $3199.Here is where it gets more complicated...If you fixed up the place and follow the tax guidelines, for Bonus depreciation, De minimis, and repairs.  

Then I could live there and do Airbnb but that's complicated.

Wyoming or Nevada LLC gives you anonymity but it would be used to hold your LLC which holds the underlying property.Don't make this complicated on a SFR or your first or second investment property.