When looking at an LLC, or any entity structuring, there are two angles to consider: tax and asset protection.  

I have a couple questions in regards to setting up the proper entity as well as taxes. 1.

Just a quick clarification FHA and Fannie are two separate entities, which your post seems to recognize.

Federal taxation still applies everywhere: IRS.Would it make sense to open up some legal business entity in one of those states?

However, the buyer might opt to refinance the property under their own name at some point to mitigate the risk of the due on sale clause and to potentially obtain more favorable loan terms.Would make sure to get the seller to name the buyer (you/your entity) as insured on the property too before closing.

Another benefit to using a DSCR loan to your entity is that there is no limit to how many mortgages your entity can rack up, as opposed to an individual (10 mortgages) or a married couple (20 mortgages).

A syndication is a real estate entity that creates and sells securities, hence, SEC regulated. 

They are best for anyone who just wants to get their entities set up properly with the correct documentation and anonymity and move forward.

I'd say the best way for you to go would be inside the business entity as a partner.

I’m not sure if they only manage properties owned by the entity, or offer PM services.