People would be amazed if they knew the amount of individuals out that that carry fake ID's on them.  

4) Assuming I went with the above structure, do they checks for rent go to each LLC individually or #1?

I intend on purchasing investment properties each in their own individual LLC for legal protection so if something goes wrong in one, it won't effect the other.I also however want to build a brand, a face to this as an investment company to use on the Website, advertising, deals, ect.That said, if I create another LLC or SCorp, "XYZ Investments" that owns all of the LLCs (rental properties) is that wise to do?

Are better rates offered to individuals opposed to LLC's?

But it is more difficult (but not impossible) to separate the individual members.

If sold at $240 sqft *1840sqft= $441,600Sales price - all in price - sales commission (5%) = $441,600-$422,000-$22,080= -$480 (negative $480).As you can see, from this logic above, $250k should be absolute maximum amount any person (investor or individual) should pay, including myself.

For this reason I think an LLC or legal entity is going to be a challenge and we would like the tax benefits of individually having a mortgage and depreciation on a property.I was thinking each person could buy/finance their own property and get the tax benefits of individual ownership such as mortgage interest deduction and depreciation.

The only issue I had was the buyers agent bugging me continuously keeping me informed of the process - since individuals know nothing !!! 

Landlords cannot discriminate against protected classes of individuals.

Most of my loans starting out were with a local credit union, they new me and my brother when we walked in the door which felt good  We did get some special treatment (loan modifications instead of new loans being issued) but that all changed when the individuals we were working with went to corporate and we had to start over...  5 years ago I would have told you that credit unions are more flexible however I have moved more towards business loans (instead of home equity) and many credit unions do not have a business division and others are new to it and are still learning the ropes.