@Ray Johnson great question -- we research and select the best available third-party real estate technology  providers and enter into exclusive relationships to create tech-enabled funds which give us a unique competitive edge designed to enhance returns to investors.

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Called several places for loan based on this info, selected one and they said 20% down at 5.8% Term 30yrs and received pre-approval letter. 

I advise tenants to start looking at this point and schedule several showings when they are in town for their appointment, so they can find something and get their paperwork submitted all in one trip.The absolute fastest amount of time between the point the recipient holder selects a property until the time they are approved to sign a lease is 20 days in our market, and that’s only if the rent amount is easily approved and if the property passes inspection the first time.

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Start shopping around and do a good job in vetting each of the prospective candidates and select someone local that can provide services of each of the required disciplines.

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Select a co-op credit union if you will have properties in various states. 

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That would be correct if OP's father has made or intends to make an S election for the LLC.Since OP did not specify tax status of the SMLLC, we're left to assume no alternate election was made, and the LLC carries the default tax status: 'Disregarded Entity'.A DRE should not be issuing W-2s or 1099s to its owner as it's effectively dissolved for federal income tax purposes and there's no distinction between the owner and the LLC.