Or it could be used in combination with a purchase money loan to buy, rehab, rent up and then refinance to a purchase money loan.The Rehab loan usually involves the deal itself meeting certain criteria for the lender, as well as good (not stellar) credit on behalf of the borrower, quite often it must be made in the name of a corporation, not an individual.

I do green cards, visas, and help set up corporate entities.I currently work for the largest immigration firm in the world, but I’m starting to help others on BP and other local market places.

Listen to the CPA because if you don't you pierce the corporate veil and make your LLC worthless

Now I'm back and trying to develop a 5-year plan to build a passive income portfolio and retire from my corporate job.  

We recently moved from a rental owned by a large corporation, which I have since discovered is known for shady business practices(D+ rating) and has been hit with a large lawsuit last year.

Is it part of a joint venture or large corporation? 

Remember, that you want your real estate investing to complement your lifestyle and individuals goals.

Then later have them apply for an L so long as they set up a corporate structure and have managerial experience with enough income to support themselves.

Will depend on several factors like the type of property, type of tenants, your risk tolerance, other assets you own, your estate planning, laws where the property is located, etc.Any lawsuits would be limited to the assets of the LLC and not your personal assets (assuming you run the LLC appropriately and the corporate veil is not pierced).

She was laid off after 20 years in corporate job.