I want to simplify reporting and compliance. 

Please, i need to know if i cam qualify to pull the trigger right away. 

Here's a related question:  does 'APPLYING' for the loan trigger credit reporting, or is the act of 'SIGNING' the only  trigger for credit agencies to put it on record?

You need to consider the holistic picture associated with each structure to determine the optimal one...annual compliance costs, US income tax exposure, US estate tax exposure, and taxation in your home country. 

My lender has told me the mortgage must be in my name, but it is common for people to deed the property afterwards into their llc (I know this could trigger the due on sale clause, let’s assume that’s not an issue).

You may wish to confirm that the new 401k provider will handle the ongoing compliance support such as any required 5500 filing (e.g. 5500-ez for a one-participant plan with assets in excess of $250,000), any required tax reporting (e.g. 1099-r in the event of a distribution or in-plan Roth conversion), mandatory plan updates and amendments, etc.4.

For example, if I were to buy a five bedroom house, live in one room, rent out three to tenants, and have sufficient parking, could I still use the fifth room for Airbnb and be in compliance with the law?

@Mike Cordova pick a market, pick a property, and pull the trigger.

Hi, So I'm a general contractor in southern California and would like to start investing in rentals,  I'm wondering if I should wait and see what this economy does or pull the trigger on a rental in the sub 200k range. 

My understanding is that I can't safely do the typical seller finance option, because I owe money on the home and selling would/could trigger the Due-on-Sale clause.