Am I able to file a schedule E next year if I am receiving income as an individual? 

That means having a robust array of reports about traffic, maintenance activity, exposure, profit and loss, budgets, forecasts, and an executive summary.Instead of showing units to prospective applicants, you as an investor will look at a traffic report every Monday.

You just need to find or be referred to a good loan officer..As for mortgage brokers, I don't prefer them, but there is a trade-off. 

Any suggestions on executing this type of multi transaction and reduce my closing cost in terms of Title+doc fees?

The high-end "executive" rental is in high demand here right now with tons of people moving here who are looking to buy property who need to rent until they find something, people who sold their homes and aren't able to find a replacement property, nomadic tech-workers working remotely/on contract assignments with google, microsoft, etc. 

(all partners are NRAs).As NRA virtual wholesalers are we going to be considered as ECI(effectively connected income) to USTB (US Trade or Business)??

Hi Brooke,Like this:Ring ring ring, goes the cellular phone; "Hi Bob (current GOOD at a trade contractor you know), I need somebody to run an extra electrical line from the box to the kitchen do you know anyone who does small jobs like that and is good that might be able to come out Friday?" 

Also depending on your needs horse trading with other investors may pan out.

I wish to trade him these lots and in return have him build me a house on one of these lots. providing we can agree on terms, what does this look like on my side? 

He would like to trade his two properties in the city for one property out in the suburbs.