So, I would run the numbers and then consider the intangible benefits before making a decision. 

Could you use any military benefits to pay for that? 

I agree that it may not be beneficial for taxes, but where it does benefit is that you can start building a credit line with your entity’s name.

Then build MULTIPLE streams of income, the type of income where you earn even while you sleep, month after month, year after year.Top that off with the power of compound interest, the ability to leverage other people’s money and the multitude of other benefits of owning cash flowing real estate and it is easy to see why real estate is responsible for creating more millionaires than any other asset class.BUT (and this is a huge BUT)…many of these benefits are almost exclusively reserved to those who actually OWN (or at least control) the real estate.I’m sure others will have differing  opinions. 

However buying this house will mean that I will lose all the benefits of acquiring a home with 5 or 10% as a first time home buyer.

Smaller newer groups could benefit from this partnership idea though.

This does not benefit our long term goals at this time and we choose experts in these areas so we can focus on our strengths.If you have a 3rd party PM do they use a trust account or do you write the checks and pay the bills?

Your money pays both agents commission, it pays for everything.Being commissioned based agents are inherently greedy, literally part of the job that they won’t admit to. benefits of using the listing broker- feeding the beast-listing agent wants both sellers and buyers commission and will fight for your deal over other offers even at a lower price because they make more $$$.If this is your first deal and you aren’t sure what you are doing or looking at it may be better to find an agent. if you are pretty familiar with the process it’s really no different who represents you as long as you can stand your ground and represent yourself if needed. 

.#2 Make sure you have 6-9 reserves for the Condo#3 With the loan money, you can explore options with purchasing your primary residence, how much would that help your monthly mortgage instead of renting. ( don't forget about the tax benefits of homeownership in tax write offs of property taxes and interest)I am not sure how much equity you have, but if you still have cash left over, I would consider re-investing in another property. 

Tax benefits and cost seg can play largely into investments at the end of the year.