I know others do it under their name initially and then quitclaim deed it but my real estate class instructor pointed out that it would be easily pierced in that scenario which then defeats the whole purpose of doing it in the first place.

I know we serve for purposes much more honorable than discounts but remember, perception is reality.

If it is under 15yrs old there might be some places out there that would provide financing but I would only think that they would also only lend to the home owner and not for investments purposes

I don't want to purposely embarrass myself, especially to people in my community.

have you asked a local bank about a business purpose loan to do these flips?

Also, we own a service business and purposely pay ourselves a low salary of 20K a year.

(watch out for the JUNK FEES that most of them stick in there)A lawyer - he'll be glad to ask you for a retainer - or charge you a fee for a using a boiler plate conventional contract that has way too much stuff in it to be useful for your purpose as an investor.

Select the ones that applies to you and click on Update Profile.The option to add the occupation directly was removed as some members use it for advertising/self promotion

The value of the property at the time you converted to rental use is higher than your cost basis, so, for tax purposes, your tax basis and your depreciation basis in the property is determined by your original purchase price.The capital gain tax rate depends upon your marginal tax bracket.  

We are planning on adding my name to the deed of the house so I can get a HELOC for investment purposes.