Also I am interested in forming a LLC to hold said property and learning about mortgages that are transferable to a LLC without refinancing through a commercial loan.

Thankfully some other deal will hopefully make up for that but I can't tell you how many deals have collapsed at the 11th hour through no fault of my own over the years and for me to get a fat $0 in earnings.

In my first locale I've got a handyman (will find another 1 or 2, just in case), a PM who can run errands for me on a per-visit basis (I am not paying a PM in the normal sense though), a cleaning company and few other things.

Don't be afraid to tackle on class D properties as your first, and then work your way up to the class A, so far it has work for me.

I see many like-minded people here and hope that there are relationships to be formed and things to learn from each other.

@Arden Gist Yes, it would be more feasible for me to pay off a single family rental and then use it as collateral for a small commercial property than having to come up with large amount of cash for down payment if I wanted to go at it alone without taking on partners.

Can this direct mail expense be attributed directly to the purchased property in some form as an expense?

In my opinion, yes, it can be done, but you're looking into a bigger mess as far as the government is concerned.Lets preface this with I don't know exactly how this works either, but after a certain amount of people are involved you have to report as a Real Estate Investment Trust (REIT) and have to file extra forms related to your business and also after a certain threshold you also need to report members and their distributions to the Securities Exchange Commission (SEC) so they know as well.Being young (as am I) you are going to run into a lot of dead ends trying to apply for a residential loan with a business name.  

Im currently in the process of forming my business entity and I would like to begin networking with individuals who have used these types of funds for projects as well as assist me in obtaining them for myself.

For me its not worth it to hire a lawyer.