If so I would do 1 schedule E and you'll essentially treat it like 6 units. 

If you have an LLC (which is usually easier paperwork wise) , you just file a form 22 something to elect to be taxed as an S Corp instead of as a partnership.

Originally want to use FHA loan to “house hack” either one of the properties BUT it is taking forever for the paperwork and underwriting to complete in order to know how much I am allowed to borrowMy mortgage lender (close friend) says that I should wait before placing a bid in order to know my borrowing $.What I am thinking: Place the bid anyway and if we negotiate and I get an acceptance on the property, FUND IT WITH A PRIVATE MONEY LENDER 100%.

It would be faster than trying to track this one down and if this one never submitted the paperwork, they won't be paid.

Do I need to have any essentials things prepared before I talk to them to make the process easier for them?

The ultimate goals I have in mind are essentially financial freedom (to keep it fairly broad), but I would eventually like to build a legacy through real estate that survives me.I look forward to working with you all throughout this journey, and hope that I can be as much help to you as you have been to me!

Especially because I ended up putting an additional $2,900 of my personal money into the property to finish up some of the essentials.

Now it takes that long to get the paperwork filed, including 2 years tax returns, an appraisal scheduled & some random underwriter to tune in a month later with more mundane questions.

Getting your mindset right, setting goals, and creating a strategy are essential first steps to investing in real estate.

Two other books that will help you as an agent for prospecting (which I believe is the most essential skill to a Realtors career) is:Fanatical Prospecting by Jen BlountGo For No by Fenton and Waltz