I made the mistake of believing a single member LLC would have to elect that status to be treated as a disregarded entity.

I always try to treat people I meet with respect even if they are just getting started.

Problem is, the first bank I've talked to said that I am going to get killed in fees, closing costs and interest, as it would be treated as 3 separate very small mortgages. 

Treat the rental as a business. 

And if you screen your tenants well, treat them well and pitch it well you can get your tenant working with you not against you. 

It's a business and the biggest problem I see people make is to treat wholesaling as a side gig.

The $150 termite inspection and $160 to treat for powder post beetles (the damage was probably 60 years old) didn’t turn me off a bit, nor did splitting a $1500 parking pad issue that was called out by the appraiser.

I always try to treat people with respect and that includes everyone working for me.

If your goal is to get in the game, have a profitable investment, and build a team to set you up for future growth- the Allentown market will treat you well, even in its current state.

A single member LLC may elect to be treated as a disregarded entity on the member's federal income tax return and report income and deductions on Schedule E of the 1040 rather than filing a return separately for the company.