The tax treatment of your land sales would typically be determined based on when each parcel was sold and whether they were held for investment or business purposes.

So wanted to know is there any way or tips if you have, to assume Loan (may be VA loan) when my debt to income ratio is high?

The one major difference is that when you close under the LLC and you use a non-recourse lender or one that doesn't report the debt to your name, everything is separate from your credit. i.e., - the mortgage will not be reported under your own credit, but live within in the entities EIN.

The truth is, it’s based on a multitude of factors and ultimately comes down to what makes sense to you.

@Josh Mac are they wifi or cell phone based? 

Do you have every potential renter complete this or only select one renter based off the pre-screening process?

And again, this is my market and area of town, but tenants like the character of the older home with the tall base boards, hardwood floors, arched doorways between rooms, etc.  

In the meantime, offer based on what the tenants are paying now.

I highly recommend letting the attorney prepare the operating agrement based on questions they present you rather than have them mark up your version.

You should look to have a base of cash flow before you are financially stable enough to be in low/negative cash flow markets like California.