@Jon Kim No matter what entity you decide to invest with please be sure to have 1-3 exit strategies outlined in your partnership/LLC agreement to make sure you know how you’re going to handle a situation when 1 or more of you wants out.

These entities will do everything they can to help a homeowner out..

In addition to identifying and purchasing those properties I am currently focused on building out the management SOP's to facilitate smooth management of the 10-12 units owned by 3 different entities. 

This is the problem I observe with most when in comes to entity formation and asset protection. 99% of the individuals who post questions in these forums are for some reason pushed to believe they should at least research entity structures that are completely unnecessary.

In my case I have a house in Minn owned as a foreign entity in an Ariz LLC .

@Warren Barton PM should pay the person / entity that holds title to the property and is listed on lease. 

Additionally, the borrowing entity consists of 10 TICs with syndicated equity, with key principals accounting for 7.5% of the total equity.

I have received a very high quote ($1,500/each entity) from my CPA to file the partnership return, and am looking into other options.

Most of them now have some sister entity established so they can collect premiums and then file bankruptcy and leave when events occur.

Any suggestions  Drop and Swap/Entity Transfer