It has minimal capital reserves.For tax purposes, you can treat them as disregarded entities and all net flows to you.Yes, the administration is more involved than having everything in your name, but you need proper bookkeeping anyway.PM me and I can send you my notes on asset protection (primarily for buy and hold investors) that includes entity structuring, protecting the corporate veil, transferring and due-on-sale clause, when to do it, checklists, etc.

"I would still put them above choice 3"Is that because of the 2 year lease, if so you may be disappointed and should disregard the lease offer in considering their desirability.

Please disregard what Aaron said...it's just not true that if lead paint is covered with layers of other paint...it doesn't need to be abated. 

It is an intentional disregard of the other neighbors safety and well-being.

What I am saying is to not disregard FHA because your lender is telling you to and is convincing you that your offer won't get accepted because of it. 

This is minimized in controlled climate spaces, but should never be disregarded and the manufactures specs should be followed to preserve warranty.

When the owner of a disregarded SMLLC, Sole, or partnership (each partner is a parent of the child) is the parent of an employee-child, the wages will be exempt from FICA taxes if the child is under 18 and exempt from FUTA tax if the child is under 21.Employing the owner's child in the owner's closely held business can be an effective tool to reduce the overall family tax burden.

Through conversations with local attorneys as well as professionals / investors on Bigger Pockets we've decided on having the TIC owned by 2 separate single member disregarded entity LLC's with a joint venture agreement dictating the arrangement between the 2 LLC's.

I disregard student loans and medical debt.

Your concern about buying a property at much lower than the surrounding comps is a baseless fear.When doing a desk appraisal (or any appraisal really) or any type of market valuation, the professionals throw out price anomalies as something to be disregarded.