For example, your credit cards and car loan could go to $0 while your LLC pays down a business loan that won't appear on your personal credit reports.It's difficult and time-consuming, but can be beneficial if you plan to enter the commercial real estate lending arena in the future.And in commercial you can add the target property's income for qualifying!

I have not yet done a deal on my own but I am looking to purchase my first property within the next couple of months.So my question is, if I am planning to purchase properties, rent them out and collect cash flow for the long term, would it be more beneficial for me to form an LLC and then purchase my first property or purchase the property as an individual then transfer the property to an LLC down the road?

Although an LOI is non-binding generally it is signed in good faith with the expectation that both sides will work towards getting a mutually acceptable PSA that follows the general guidelines laid out by the LOI.

Structure partnerships that are mutually beneficial.2) As @Brie Schmidt alluded too, you wont be able to scale as fast as you want and you need to take a slower approach. 

Would one be more beneficial to a newbie than the other? 

A contract can only by terminated/voided by the terms within the contract or by mutual written agreement by both parties.

Focusing on flight school for now is probably most beneficial for you now and in the future.

I should add..there is a difference between simply requiring a notary signature (thus a 'mobile notary" can visit you on your mutually agreed time schedule) and a 'Loan signing agent' A mobile notary...simply visits and does notary services.

I have a few questions about getting started in mutual partnerships, particularly 2 of my close friends.Basically my short term goal is to save enough funds to put 3.5% down plus have 6 months expenses saved towards a 100k-120k FHA loan on a duplex, triplex, or quadplex & househack for the first 1-3 years.

Adwords can be beneficial when used in conjunction with some SEO tactics.