@Whitney Lares I kept my first BRRRRs as LTRs, I know MTR and STR have higher income potential but my goal is time and income, LTRs provide me that and the management of these in STL are much lower monthly % so it works for me.

Is there a way to do this legally that would provide a tax benefit?

I have one partner onboard who’s providing quite a bit of capital.

Spouse, father, biotechnology engineer (by degree), water engineer (by experience), specializes in natural health, loves the world of personal development, and the world of real estate.- what am I doing here?

Both conversations are going to provide you with a better understanding of the need and requirements prior to getting too far down the road with negotiating a purchase agreement with a property owner. 

Be sincere, willing to help, and receptive to picking up tips from other real estate professionals.Remember that networking is a two-way street, so you should also be prepared to help and provide value to others.

You haven't provided enough information for people to help you here.

@Brice AlefI recommend finding a tax strategist that specializes in real estate taxation and LLC formation.

Islamic lenders specialize in this.

You can potentially find undervalued properties, rehab them efficiently, and achieve good rental income.Decent rents: $1000-$1600 rents provide a strong foundation for positive cash flow after factoring in rehab costs and ongoing expenses.Cons to consider:Market competition: Investigate how many other investors are using BRRRR in Wichita.