i want to start off with out of state duplexes, triplexes or quads for the first 3 or so years. then i would like to start buying apartment complexes or quads locally and eventually trade up to commercial properties and large apartment complexes.

I had a realtor tell me today that he has never seen anything like this, he said it is bad and if you aren't a skilled realtor you will not be able to sell a house fast in this market.

How would you structure this deal?:

Seller:
Residential - Single Family
2/1/1 Livable/Fair-Poor Condition
Appraised at $28,000
744 Sq Ft
Wants to sale their house and buy my house.

My House:
Residential - Single Fam...

How about I trade the house in the previous scenario for the house he wants to sell?

trade, seller carry, master lease!"

If you are going to own the property in your name and have the LLC do the management (collect rent, pay bills, maintenance), then that will be considered ordinary trade or business income and subject to SE tax.You would want an S-corp to do that.

*Feel free to PM me if you don't want to broadcast your trade secrets ;)

Not ever deal will work for every person as some take special skills, resources or other things.John Corey

I started looking for ways to generate additional income streams that didn’t involve trading money for time.

The answer to your question is there.If your searching skills are good, you can perhaps find the answer in this forum, as MikeOH has provided it many times, and it has been corroborated many times (even by once-nonbelievers).