Currently seeking to get licensed and become an RE agent with the goal of becoming an investor.

My goal is to buy and hold single and multi-family units as a form of "retirement".  

@Yvette Allen,  I reckon it largely depends on your long term goals, and your negotiating ability, as to whether it'd be a win-win at least as much for you as for your Buyer.

Our goal is to be zero dollars into the property.

I love it so far, such a great resource .My goals: I plan on buying my first property with a FHA loan and house hack it.

But went about it this way because I am closing on other properties in my own name right now so we used just the father's financials to qualify for this particular one, and the mortgage market does not allow lending directly to an LLC anymore.Simply put, our goal for tax reporting is to divide all rental income for this one property equally in to thirds, and to do the same for all expenses (mortgage interest, taxes, insurance, repairs, etc.).

There is no one size fits all answer for this. 

Since you're doing your due diligence on this, like I've been doing an I'm new as well, you might want to research asset protection to see what fits your business goals. 

I also found an awesome broker that is all for people using their license however they see fit.  

It just still needs to fit with the comparable properties.