If you continue filing taxes jointly the income you realize from your separate property will still need to be explained and redacted, regardless of the type of entity holding the real estate.

I know there is a lot that I'm going to need to learn, and ultimately it will come down to how much the student puts into it.  

You need to learn how to analyze property and determine if they are a good investment.Here's a guide that describes how to analyze a property.https://www.biggerpockets.com/blog/rental-property-cash-flow...

Localized knowledge for an agent or investor is needed to answer most of these questions.

I do have a great agent recommendation if you need one.Hi Tim, thanks so much for the warm welcome!

Let me know if you need any tips on working with contractors or setting expectations.

$132,500/unit for 2/1s in Hampton is too much IMO.   

Now, you need to figure out how to find deals and pay for them.

SEC will help only much later and only to try and seek jail or financial remedies.You're trying to save the property today?

We've had to so developments where neither service was available and we needed to do wells and septics.