A partnership or a traditional LLC structure typically does not allow equity partners to also be treated as employees.

About a year ago I had a few clients that were in balloon payments and that was the only way the bank would consider a loan modification with a traditional 30 yr fixed loan.After going 90 days late they got the loan modified cut the payment by a third and they lost about 150 points but they didn't lose their home.So I guess it all depends on the circumstance.But I cant see throwing away my credit history

Even with a traditional FHA, you can be in for as little as $3,500 (3.5% of sales price), with you negotiating for the seller to pay your $2K of closing costs (this is a standard buyer request now), and having your brother on the loan just entangles things and encumbers his credit.

I took out a bunch of cottonwood trees & Chinese Elm trees in Colo Spgs in 2008.

For example if a suit is won against the LLC due to activities involving the business itself the perhaps the judgment would only be able to be executed against the LLC and it may be more difficult to use co-mingling to come after me personally since the LLC benefitted from the loan in my name in the sense that the loan in my personal name could be clearly demonstrated as a contribution to the LLC since the LLC needed such in order to purchase the property to begin with.The very best alternative to all of this is to whenever possible own the property in a retirement (roth or traditional) account as that provides the absolute ultimate protection in America. 

You will be met with skepticism from critics who practice traditional financing usually real estate agents, attorneys, your friends family and the like.

I am new to the site and I am currently exploring options for non traditional financing.

Didn’t go the traditional yellow postcard route or picture of a house.

In fact, based on the fact you don't have traditional W2 income, I think you should be looking for a commercial loan (from a portfolio lender).  

My current financing plan is to use traditional financing since 20% down isn't an issue and both of us have good (700+) credit.