Code § 1343 - Fraud by wire, or commits unjust enrichment, or violates 18 USC Ch. 47: Fraud And False Statements, or perpetrates a foreclosure rescue scheme, or takes advantage of "protected person" or violates the Dodd-Frank law and/or the S.A.F.E.

Any insights or personal experiences would be greatly appreciated!

True, converting a personal Schedule E to a partnership will indeed reduce your IRS audit chances, statistically speaking.

It will be even harder as a young person with no life experience, and particularly no experience buying real estate. 

Living in one unit and renting out the others allows you to deduct 75% of expenses like mortgage interest, property taxes, insurance, and shared repairs as rental expenses, while the remaining 25% applies to personal use.

Quote from @John Friendas: As a person with an average salary, I was wondering what the maximum amount of DSCR loans a lender would give out would look like?

Lots of loan options can close in an LLC, helocs usually need to close in your personal name.

My goal is to wholesale some properties single and multifamily to build some capital while fixing my personal credit and building my business credit.

Your IRA can borrow, but you have to be careful to not personally guarantee it.

Another benefit is it is much easier to diversify into multiple markets, asset classes and operators.Just wanted to share an alternative - often active investing is the way to go, but it really depends on the person and it is important to know that there are passive ways to accomplish your financial goals.Good luck!