My main question is, can the house be rented to two different tenants?

So we are in a very different time today.

Be Clear About Your GoalsKeep in mind that mentoring may come in many different ways, from official connections to informal guidance from seasoned investors.

So once you have that clear, then the next step is to put a plan on how you are going to acquire the homes.you can network with wholesalers or find the properties in the MLS. also, you can drive for dollars, send direct mail to motivated sellers, place signs, advertise online or on radio or billboards, etc.There are so many different ways to find properties, I usually have about 20-30 properties under contract every month.

I’m hoping to use real estate (depreciation) to help me offset my large tax bill (in case it makes a difference to answer the question as far as the LLC). 

Analyze over and over again what went wrong and look for possible different solutions and outcomes to learn from for future reference.

They can go after the personal assets of the trustee, but what if he holds no personal assets in his name, every asset is owned by a different trust.

Do different agency lenders have different spreads and interest rates?

Not every property is suited to MTR or will cash flow that well but you're clearly in a great market and have a great product and that makes all the difference. 

Interest tracing rules apply here but an LLC makes no difference