Mom and pop can operate that way easily as the income is not important but a business, possibly with investors or share holders does not. 

A corporation can be pass through (an "S", meaning that the shareholders are the responsible taxpayer) or pay its own taxes (a "C", the Corp is the responsible taxpayer).Here in WA one is not allowed to change an LLC to a corporation.

I'd also exhort you to be sure that this aligns with your vision, values, and goals since property management done well can be a boon to all shareholders, yet done poorly or as a side hustle can curse all parties.If you've evaluated it and soul searched out the answer and you're moving forward with excellence then I'd recommend Buildium for your portfolio size and feature's your wanting. 

REITs are companies that own and operate income-generating real estate properties and are required to distribute 90% of their taxable income to shareholders in the form of dividends.

Small banks have a lower tolerance with the shareholders for having bad assets.

The shareholders of the corp would change but the deed would remain i the same name.

You could have your lawyer draw-up an agreement/addendum to your shareholders/partnership agreement acknowledging that your partner's child support arrears will be paid by the partnership out of his share of any income or proceeds.

You avoid self employment taxes by booking gains in an LLC and distributing profit as dividends to shareholders.

., and Las Vegas.As a publicly traded company that has yet to show a profit, Zillow will always be experimenting with ways to generate revenue as it must placate its shareholders.

Over the years, I have had to deal with many corporate matters --- both as a lawyer and as a shareholder/member.