Typically entity is used to limit the liability and help with taxation.

The remaining $170K is taxed at your long-term CG rate, likely 15% ($25.5K), so you'd owe $25.5K + $20K = $45.5K in taxes on the boot you kept, while sheltering the remaining $230K in gain from taxation. 

Thanks again for the valuable insights.In term of tax, the two properties I got in New Braunfels have tax at 1.76% and 2.24%. 

If you do sell, it would only make sense to a 1031 exchange due to the taxation.  2.  

At the moment the corp has been sitting idle.Priorities:establishing credit, history in the USA, with plans for more long-term investmentsnot getting taxed as much as possible (I will be in the 15% corp tax bracket to begin)What I Know:C-corp has double-taxation - I don't plan to withdraw the revenue from the property so I'm not too concerned with thisS-corp and LLC passes through to the individualI am not eligible for an S-CorpWhat I Don't Know:in what respects are C-corps good for international investors?

And yes, you would think this would be the case, but foreign income either spooks some lenders, or perhaps they just don't know how to go about reporting it...As I lived abroad ALL of 2016, my income was not subject to US Tax at all (I'm within the cap guidelines and domicile requirements), but as I will be in the States from September on, I will owe regular US Tax on what I earned abroad (which stinks because I am already taxed here as well).

You should be aware that taking "loans" from your 401K will result in double taxation (i.e. you borrow before tax dollars that are then paid back with after tax dollars, and then re-taxed upon qualified withdrawal).

My question would be, why wouldn't you execute another 1031 on this property to continue deferring taxation? 

Doing either requires you to sign a form stating you are a Virginia resident, and the Commonwealth's Department of Taxation takes that as you stating an intention to remain in Virginia after your military service is done.

You run into basis and excess taxation issues as soon as you transfer long term hold property into a corporation.