The reason the impact was so high in Vegas drifts into microeconomics, another one of my favorite subjects in school (economics, statistics and finance were my favorite subjects, I still read my text books to this day).

There are many ways to do it and not one textbook method.

I am in the process of completing my California Real Estate License and currently Temp at a REIT (I received my work permit and got a job immediately).I have spent hours crunched over real estate books, newspapers, scurrying the web, text books, podcasts, driving around neighbourhoods, going to open houses etc. and have decided that Real Estate Investing is something I would like to eventually pursue full time.If you've read this far , thank you!

Keep in mind the 2% rule was made up for mobile home investing. 99.9% certain.The rule does not exist in any known real estate text book or is taught at any accredited university. thanks,Matt

If you treat college as an experience, which it is turning into, and try to learn different skills rather than textbook information it could be very beneficial.

I am not wanting to start a war, just give the basic description per accounting and management textbooks.

At the same time, there are folks on this site, particularly in different markets, that would not touch my 8 cap with a 10 foot pole.This book reads more like a text book than some of the other real estate books out there, but is very good for getting a basic grasp on how to look at basic metrics to analyze a deal: What every real estate investor needs to know about cashflow by Frank Gallinelli.

Having some background in finance, accounting, tax, and business law, I am aware of the textbook advantages and disadvantages that each offers and their subsequent financial statement impact, but as far as actual operating ease and efficiency what is the recommended entity for holding these real estate assets?

This is LITERALLY a textbook violation.  

Textbook case of San Francisco = crazy town.