He has an LLC, but I am an individual.

Title was run title attorney I have closed with many times we substitute my LLC in and we funded it the SAME DAY so the guy did not lose the deal. the trick is with folks doing this actually knowing what a deal is.

We would like to have the property to an LLC for liability purposes and then have the LLC owned by our Family Trust for Estate Planning purposes.

Should I get into contracting with a flipper or custoM home builder for 50k a year 1099 and start my own llc and be a “real estate professional” and learn the ins and outs while making less money at first,  or take a sales job 9-5 that makes 150k a year w2 and build up capital first. 

Also, as a Canadian don't use an LLC to purchase your property .

I would also like to know what effect business structures have on taxation (LLC/ LLP/ LP).

I recently bid on a house the had sold for 115,000 and was held by an LLC.

The LLC’s could be put into a trust which would negate the tax downsides at the time of my fathers passing (which hopefully won’t be for another 30 yrs or so).

Also will I have to buy the first rental under LLC to qualify for the 3% down loan later?

This deal was financed through State Bank of Missouri as a Commercial Loan through my REI, Alpha Baller Real Estate, LLC.