@Don Spafford Running a business through an LLC or not (assuming LLC has not made an election to be taxed as a corp or S corp election) has no bearing whether it's subject to self-employment tax. 

The large corporations and REITs will bring transportation to them in some way or another which will spur the desirability and presumably, value.Ultimately this will be a very long term play for you.

If you take @Kevin L. s proposition, my little 16 SFR business should have PM software, commercial office space, HR, Legal, Marketing and maybe a corporate jet and helicopter. 

Furthermore, it is very easy to "pierce the corporate veil" because, presumably, you will be living in the house i.e. you are getting direct benefit from the asset (and the asset protection is in name only). 

My background is corporate accounting (10 years, active CPA). 

I wouldn't trade my life for a corporate job even with a 30% pay increase. 

No, but it's generally considered a Corporate Advance and tacked onto the arrearages which is typically included in the final judgement amount at Foreclosure. 

Thank you If you move ownership of a property to an entity (LLC, Corporation, Partnership,etc) you may be in violation of the Due on Sale clause.

From the accountant:Both liabilities show up on the corporation’s books and both need to be paid by the corporation. 

Individual taxpayers who are not engaged in a trade or business but are investigating the potential creation of a new business should consider forming an S corporation to facilitate and conduct all the activities related to the investigation.