Dealing with people is messy, its not uncommon to have difficult situations and conflicts to deal with. 9.

These are people that are property managers not asset managers.

More people see your property, the higher likely hood of securing a tenant in a quick amount of time (all things equal).

Never flipped, but I know there are people doing it. 

You must work at least 750 hours per year in a qualified RE business.So most people who have high-earning W-2 jobs outside of real estate wouldn't qualify.But the unique thing about RE pro status is that even if you don’t qualify but your spouse does, you can both file jointly and claim the losses from your RE investments to offset your other active income together.

Old thread but we opened with Frost Bank, my representative had to consult with many people but finally we opened child subseries LLC.

Almost immediately let it lapse and have not renewed.Like Bruce noted, unless you want to represent other people in transacting real estate, you don't need it.  

I’m self managing myself but the tax side of it is a little confusing to me but I’m recording everything involved as far as maintenance, traveling, expenses etc. just want to know what some people would do in my situation or what to I can benefit from come tax season  @Angelo LlamasI recommend that you find a real estate accountant to help you understand and prepare your taxes.Bigger Pockets is a great place to find a real estate tax accountant. 

The lower unit is small and gets rented 6-9 months at a time to traveling school people like occupational therapists.

I'm not the fair housing landlord expert but I'd probably steer away from referring to it as "veteran housing"Either way I can relate to your situation a little because I also own a house that is shared by multiple people.