I my case I'm just setting up my holding LLC so I can build business credit while looking at deals with Rent-to-Retirement and then will set up my REI LLC/Land Trust where I do my deals. 

It can be appealing due to its low initial costs and inventory management simplicity.

My ability to sell a liquid index fund allows me to cut my losses very fast, at low cost.

My goal is to retire in a low density condo/apartment in about 10yrs from now and live in the place I buy for atleast 6-8 months of the year.

PS: He suggested me an FHA 203k, but I'm not open to that because I want to reserve my FHA loan to buy my primary residence home by the end of the year. that's why I'm interested in this deal, well done, it will not impact my credit score.So how will you go about this deal?

If your doing low volume of deals I look for larger dollar per door, where is at higher volume I’m happy with $200+ per door with debt.

These rules restrict the amount of passive activity losses that can be deducted against other income for taxpayers with high incomes.Form 8582 is used to calculate and report passive activity losses and credits.

Some Type of partnership or a 50/50 LLC member ownership with his brother and can buy under that LLC because both of their credit scores are 700+, and3.

So how much is your w-2 income and your total mortgage debt/car/credit cards?

As I pay off the remainder of my bad debt and solidify my credit in order to qualify for a HELOC, I’m on the hunt for trustworthy people to team up with in Indiana, Kansas/Missouri, Tennessee, South Carolina, and possibly Texas.