Yep, since you'd have to (or really should) put it in an escrow account, what is the advantage to you?

Am i able to take advantage of first time home buyer programs this way?

Hi Bob,Thank you for the reply.Many businesses choose NV or WY due to the advantages they offer .Here are some of them for NV:     No state income, corporate or franchise taxes.No taxes on corporate shares or profits.Privacy protection for owners choosing to be anonymous.No operating agreements or annual meetings requirements.Low business registration fees and quick turnarounds.

Thanks, like I said I am young and inexperienced in the taxation advantages and looking for some great insight! 

We are doing this so that we could take advantage of lower DTI ratios and the 10 mortgage limit per person - we would be taking turns on the mortgage for future properties.

There are so many different ways to make a good living without going down the path of trying to find people to seller finance or doing subleasing, both investment strategies that are full of snakes and usually involve one party taking advantage of another if I am going to be completely honest. 

Sometimes working in the rehab setting you get an advantage with spending more time with patients than an MD, I don't bring up that I buy RE with every patient, but if the conversation naturally flows that way and they talk about it it can leave a nice window.  

What are the advantages of having an accountant who are within the same state?

@Cory J Thornton I know your heart is in the right place, but now more than ever, tenants are taking advantage of the rentals big time!!!

Buying in your personal name has the advantage of cheaper/easier financing, but has less asset protection, and generally conventional loans limit you to 4-10 mortgages.