It sounds to me like you are being treated differently than everyone else which is a big "no-no" in this industry. 

If you rent it, true you might be able to get rent to offset the mortgage, but also keep in mind that some lenders will not treat your rent income as rent income until you can prove to them that you have done this for awhile.

My understanding is that an LLC can be treated as an S-Corp.

Again, this is how its treated in Ohio, but most states have similar laws.  

Do any of you have experience in this area that would let me pick their brain over lunch(my treat)?

I recently attended a RE meetup event and the speaker emphasized treating real estate investments as cold, number-driven investments and actually suggested buying properties physically far away from the investor is one way to control for this to ensure that investment decisions are made dispassionately.

Thank you for the response.Another question If I buy a second home with 10% down payment, can I rent it out and treat all the expenses as business expenses ?

This is commercial and needs to be treated professionally.

I am treating being an agent as a business instead of a job/career.

I don't know what it is with tenants and screens (do they all attend a 'how to not treat or properly install screens' class?)