As somebody who’s taken classes full-time, I can say that it would’ve been really difficult to achieve any kind of real-word experience in the realm of investing while I was in college.

It's a cycle that is used to achieve your BHAG

Hello everyone, I just started looking into properties that I could invest to achieve the 1% cash flow.

Even if you personally can achieve it, I would guess that you would struggle to get a lender to accept that underwriting for what I assume is a multifamily building. 

Would the 5 LLC’s be the purchaser of the larger asset or would the only way to achieve this in my situation be option 2 and sell the assets as an individual?

And it usually boils down to the interest rate of the "other debt" that you'd be paying vs. the rate of return you'd be able to achieve in real estate.

My goal is to get into rental properties with no money in the deal. if i achieve that, my CoC is infinite.

You’ll most likely need to do several studies and reports to achieve the zoning amendment and the level of detail required for most of those reports/studies can vary.

Units 1 & 2, which are both 2br/1ba, previously rented for $1,450 and $1,300, respectively and I'm hoping with some TLC I can achieve $1,600+ for both - my broker thinks I can reach $1,800 - 1,900 but that seems a bit far fetched in this area, especially since I'll likely be listing them in October.  

In my opinion Auto Loans and credit card debt are the two things to avoid like the plague if you want to achieve financial success.