So all funds stay separate and not commingled with other properties, is it recommended to establish Special Purpose LLC so banking can be established with this entity? 

I hope to establish new relationships for mentorship, partnerships and of course further my education in real estate.

I would highly recommend connecting with Anderson Business Advisors for a free 45-minute call to see what the best structure for you would be.

I am a financial advisor that specializes in working with business owners and real estate investors.

Additionally, consider consulting with legal and financial advisors to solidify your agreement and protect everyone involved.

I am also trying to establish my team, I have a good realtor who is sending me properties, I was connected to a lender but I am open to suggestions/ recommendations for lenders, property managers, project manager (is this common?)  

Make sure to establish a team before getting started though - I would love to chat! 

However, the s-corp (or LLC I suppose)  has things available to them that can be established like defined benefit retirement plans or SEP IRAs.  

Establish the notice time that will apply to you and the renter in the event that either decides to terminate the agreement.Remember to consult with local authorities or seek legal advice if you have specific questions about regulations in your area.

@Michael Nelson I've seen lenders willing to let you borrow 100% once a relationship is established.