I don't have rent payments currently as I am living at home with my parents/corporate housing while at work.I would prefer to use the property solely for investment purposes and Not occupy it.

This means that you will probably need to pay registration and filing fees in at least 2 states if you don’t buy CA property as a CA resident.Any lawsuits should be limited to the assets of the LLC and not your personal assets (assuming you run the LLC appropriately and the corporate veil is not pierced, some debate as to SMLLC).

Land of no more mom/pop landlords, only corporations. 

I myself have personally ran a brokerage before, one with a big corporate name, my insight isn't 2nd hand or guess work, it's 1st hand hands-on insight.

It does not.Here is the complete, relevant statute (as amended):"Real estate broker" means any individual or business entity, including a partnership, association, corporation, or limited liability company, who, for compensation or valuable consideration, (i) sells or offers for sale, buys or offers to buy, or negotiates the purchase or sale or exchange of real estate, including units or interest in condominiums, cooperative interest as defined in § 55.1-2100, or time-shares in a time-share program even though they may be deemed to be securities or (ii) leases or offers to lease, or rents or offers for rent, any real estate or the improvements thereon for others, or (iii) sells or offers to sell, buys or offers to buy, or negotiates or otherwise deals in real estate contracts, including assignable contracts, on two or more occasions in any 12-month period.The newest language (in italics) refers to individuals or entities who DEAL IN REAL ESTATE CONTRACTS. 

Yes there are plenty of MTRs on apps, also corporate housing a la Avalon (used to be Oakwoods - that's where they parked us film students from out of state back in the 2000s - the place was flooded with kids in Jan), and pilot season is mostly dead, but I feel that this market would always have a few folks coming in. 

If an entity holds title and you and the other partner own % interests in the entity than you can specify special allocations that are different from ownership % in the partnership agreement/or operating agreement (assuming the entity is taxed as a partnership, and not electing to be taxed as a corporation/s-corp).

I'm currently exploring options for speeding up the process of securing business funding and building corporate credit.

Unless someone is willing to take on unlimited liability, or you want to form an LLC or corporation to serve as the general partner, you may want to consider the LLC structure. 

The fact that Robert Kiyosaki’s principles led him to a recent corporate bankruptcy and that Dave Ramsey’s principles have led him to a net worth of over $200 million doesn’t factor into the equation for folks who do not include risk into their calculations.