Continue to conduct your diligence thoroughly & happy hunting. 

If i could do this, what tax implications would this impose on my business and if this is not the correct way of conducting business, I would like to hear how i would go about making sure i am doing everything 100% legit.My goal is to setup my LLC first and then look into purchasing property, however, i have no preference of US State as my 1st property and my 2nd property might be in different states and so on.

@Kirk Perecich a HUD special agent would simply conduct/set up technical surveillance for a bit and watch you go home to your residence.

I've found those are the types who couldn't investigate their way out of a wet paper bag much less conduct a good tenant screening.

It might have good or bad consequences if you are trying to conduct a short sale.

Some states still require you to register in the state you conduct business in and maintain a residence or registered agent.

Is this "buyers rep" conducting a legit short sale or is this illegal since he doesn't own it?

Probably something similar can be had for the trustee sales conducted in other states.

I admit I am new to property managing but it seems hazardous to conduct business with a child.

Here are things to consider:- VA loan requires you to purchase a "move-in" ready/habitable property - Considerable Property taxes - Most properties in VA standard are in market price- Operating costs (medium to high) - being conservative- Cashflow = almost non-existentI know this is not enough information to conduct a proper analysis.