No subsequent change in ownership will defeat the mortgage (unless the mortgage is paid off at the time of transfer). 

Geez @Vincent CranePeople can get the capital.They also need:Negotiation TrainingGood Contract AttorneyProspecting SkillsSales skillsA business quick start PlanA sales license in many states to do creative dealsa coach to get startednot chasing "shiny objects"support from spouseI find your tone a little defeating, why not give some advice on how to get started? 

Sure, you could find private, hard or portfolio lenders, but chances are the terms would completely defeat the purpose of what you are trying to do- that's expensive money.

If you really want a commodity to protect your wealth, find one that isn't overpriced...or doesn't that defeat the whole purpose of protecting your wealth to begin with?

You also defeat the purpose of any liability protection making your home a company asset.

This defeats the purpose of house hacking.

I'm sure he'll tell you not to send him a 1099 otherwise that would defeat the purpose of him wanting cash so he doesn't have to claim it.

As Paul Meyer puts it, "90% of all those who fail are not actually defeated.

3) Taxes costs - Costs extra to do taxesPros; 1) Protection of Assets - I have an umbrella policy on my 2 properties.. would this defeat this benefit?

Personal holding companies are subject to a penalty that would defeat any tax savings rental strategy.The requirements for leasing assets to your corporation are as follows:You must draw up a formal and bona fide lease agreement.