Most recently, I have been in the resale residential market in Houston for 7 years, and I have a small brokerage I operate with a handful of agents.

As an investor, there is a lot of potential for growth, and as I see philly development sky-rocket, I firmly believe holds will generate a good profit in the long run! 

Several niches interest me, such as buy-and-hold rental properties to generate passive income or possibly wholesale acquisitions to utilize my sales background.I do not have a Texas real estate license, and want to learn some in's and out's of the industry before deciding whether or not I will need one as a future real estate investor.  

I would rather sell the property at this point due to capital gains and the fact that my end goal is to generate about 12k monthly in passive income.

@Javier PinedoIf you generate earned income from self-employment activity, then a solo 401k is a great way to save on taxes.

Here is the situation:1) House A is my primary residence, with $200K mortgage. 2) House B a rental with no mortgage (fully owned) and a market value at about $350K3) Plan: Get a 15-year mortgage on rental House B and take out $200K cash out to pay off the primary residence mortgage.Question: Would interest on the new 15 year mortgage be deductible against income generated by House B?   

Even worse, investors generate multiple transactions but the pricing / costs seem to be not better than the once in a lifetime house/ homebuyer.The guy in this $880K flip, got $130K out of the deal ......but the transaction and financing costs were almost as much.This makes me think 2 things:1.

Obviously you can also operate outside of real estate law by just having an agreement to act as a broker, as you originally intend to do. 

Has anyone had a good experience with a business formation attorney who has experience with the nuances of operating under a parent company?

I own a liquor store, and the commercial property it operates in as well.