RALF - Business Structures for RE holding and managing companies

[Juan Pablo Murillo]

Context: My three business partners and I want to run a residential assisted living facility business. We want to acquire a property, remodel it and open a RALF business in South Florida. We want company A to own the real estate and company B to run the RALF business. Company B pays rent to Company A. 

What business structure to choose for each company? We're thinking to choose LLC for both. Any benefits to choosing S-corp for either of those? Comments appreciated.

If you're in this line of business in Florida, I would like to connect with you.