@Crystal Wilson so the job and income from it is probably more important to getting conventional (30 yr fixed) loans than anything else (even down payment).

From financial prospective it is better to buy a 4 Family house - this way you would live in it for Free while your tenants are paying your mortgage (you may even earn some extra income).

i would concentrate on the first property that's almost ready and get it done and rented so you have some income coming in. as long as you can afford to keep the other one then hold it.

It's great to get that team in place, but you need a property or deal with some income to pay them.

Capital gains tax rates depend on your income level however, an IRA distribution and the depreciation recapture are treated as ORDINARY income. 

Your rental income will definitely count. 

Currently 3 of the 4 units are occupied grossing $2240/mo income.

The hotel has been established for 15 years & the owner has showed my all of his paper work and my yearly income will be $100,00.00 easy so once I can get my foot in the door , I can easily repay my investors it's just coming up with that initial $ 125,000.00 that is my biggest hurdle at the moment .

Also, whether it is rented or not doesn't make any difference in terms of loan on the property, though it might make a difference for your stated income if enough time has gone by.

My thinking is that I need to create a set of business accounts using my name as the owner and flow my income/expenses on these first two properties though those accounts and then have a separate set of accounts for the LLC activities related to any new properties.