I have researched both but still not sure which of those 2 would benefit me best or if it even matters.

For the most part, everything is electronic and pulled in automatically for the properties I self manage and all the accounts, so it is just a matter of categorizing everything appropriately. 

It does not matter if it's your mother, brother or someone you do not know - the moment you start commingling funds is when you star getting into securities. 

My numbers don't matter. 

What matters is ROI, ROE, and cash flow.

No matter how well maintained, the quality of being brand new no longer exists once it has been lived in.

I will hire a tax accountant to handle the matter. 

One example:https://www.ahs.com/home-matters/repair-maintenance/diy-tips...

Charge them market rent for 2 months and if they overstay, then rent goes up until they leave...though if you plan to use it as a rental, does it matter as long as they are paying their rent.  

Passive investors who are willing to go out further on the risk spectrum, in exchange for higher potential returns.Short answer: banks won’t give all the capital needed to execute no matter how good your relationship is.