@Rob WallaceCredit unions typically do not lend to LLC’s I will focus on another topic - I strongly recommend your operating agreement have terms preset if things personally go bad and one has to buy the other out.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

I am trying to find rental property for investing whether Single-family or Multi-family (4 units max). However, I am trying to accomplish this task by purchasing under market value (every investor dream). Currently no...

I was considering going into real estate investing because I would like to cut out the middle man ( the broker that is) lol and have some diversity with my license, not just helping people buy and sell houses.

I'm thinking of buying my first out of state rental.

Sell one and buy several.  

The first thing you find out after you get licensed is that you don't know much that is actually useful when it comes to buying or selling.

Yes, if your partnership remains intact (how you sell is how you have to buy), and you structure it is tenants in common with the new ownership on the replacement properties. 

If I were you, I will buy a house with cosmetic work and learn the business first. 

Just bought my first buy and hold in Ferndale Michigan and it is turning out to be the best decision I could have made.