I am a young engineer who wants to be safe or smart with my money.

If you're buying a 5+ unit property, you don't have any choice - you're going to get a commercial loan.  

Sellers are smart and call every piece of direct mail they receive to see what the best offer than can get is.As far as the OP's question goes: Rapport is definitely big.

It may be smart from a legal protection standpoint (and you should definitely discuss this with a qualified attorney), but in terms of taxes, your Schedule E will look exactly the same as if you did not set up a single-member LLC excepting costs that are specific to setting up and running the LLC itself as Tom mentioned above.

J,You're too smart for me to mentor you.

First of all I think it's awesome that you're getting into RE at only 18, smart move!  

If done correctly, all of this should come from your 3.5% down payment and a little sweat equity, and you could be collecting cash money every month if you are smart with the purchase (you make your money when you buy the property).  

I know at least two people personally that are members (but I have never seen them post) of BP that make more than $3,000,000 a year.It depends on all the normal things.  1)  How smart you are.2)  What connections you have.3)  How hard you work.4)  How much money you start with.5)  Timing.6)  Location you start out in.7)  Luck.You should also be aware when most people talk financial freedom they have lower standards than you mentioned. 

Older homes were built to the code at that time  "     We are not responsible for your choice in furniture .  

But, any property Not paying the required commission is brought to the attention of the buyer, so then they have a choice-adjust their offer to include the difference, or pass.