Trusts, Entities. Tax 2018 questions

[Peter Lim]

Hi BP Family,

Just listened to podcast #2, @Karen Rittenhouse. So helpful from W-2 starting out to finding deals, learning the revenue model, and expanding into holding long term rentals for retirement and paying those mortgages off.   

She mentioned forming trusts and other business entities to secure the assets for her children and beyond. Could others help with how this works? What are the entities used for holding multiple properties? Do investors use one holding company (LLC or C corp) to hold all of singular LLC properties? If used in this way can funds from one cash flowing property be used to make a repair in another one?

For trusts, how do investors control their properties but not own it or have properties placed on asset sheets?  Are trusts the only vehicles used for this? 

Does anyone have experience setting up a private foundation or other form of nonprofit used to direct funds to educating youth on investing or to provide funds to nonprofits? 

Are landlords required to LLC properties to take advantage of the 20% pass through deduction?