Definitely talk to a CPA...they are not necessarily invested in where you put your money, only how to minimize your tax liability.

Also, never feel your education would be a waste if you don't end up with a career in your area of study.

I currently live for free and have minimal bills.

Be prepared to "waste" a lot of paper towels doing this, an irresponsible amount. 100% silicone caulk is extremely sticky and slimy, and you have to keep your finger clean as you work.

My ideal type of property purchases will be multifamily and I want to start out with at least a duplex and hopefully scale up to apartments to minimize costs.

So even though your cashflow is minimal, your equity pay down (principal) is quite high in relation to how much money you invested into it (minus the renos you plan to do this summer). 

Waste is a terrible thing to mind"Must have missed the " REI reality show" on How to Haul your MaterialsThen again, maybe they didn't?!

But that's a different subject.I would not waste your time on SFR.

No wasting time when the process is a day away from getting started. 

I’ve since (4 years later) had some chats with a few lawyers who have mentioned an LLC is pointless and a waste of money (costs to start one, filing corporation taxes is a lot more, etc) unless you are doing business that is uninsurable.