., a formal REIT requires 100 shareholders).Is there a business structure that would allow 5-10 investors - family, friends, etc. - to put money in, and then get monthly payments from the profits?

That would make sense but absent that, they have a duty to shareholders and the FDIC (Assuming they are FDIC regulated) to market the property for sale in a reasonable and logical manner.

I would appreciate if anyone who dealing or dealt with larger scale projects will advise me on this one.Now to the facts:Property type: ChurchProperty cost: $200k Development costs: $2.1M Number of units: 24 Average rent income per unit: $2,000Estimated total investment costs (including unforseen situations security): $2.8MEstimated annual total income: $576,000Estimated annual expenses + vacancy loss: $176,000Estimated net annual income:$400,000Estimated net ROI:14.28%Estimated time to end project:2 years ***The Property is located on a prime location in WB, PA***There are different sources of funding that I'll have to use for this project, which I guess it'll have to be a cash investor funding combined with banks / lenders money, so obviously I wont be a 100% shareholder.

In my judgement an LLC holding stock wouldn't offer any advantage because as a shareholder of a public entity I believe I am sufficiently shielded from liability.

Disney's shareholder services department could tell you who the registered owner is/was.

In essence you can piggyback on the management of the property since you're still a Shareholder. 

You are correct, if an S-corp decides to distribute appreciated property to its shareholders, there will be a recognition of gain.Alternatively, in a partnership vehicle, this won't occur.

The two would then put the property into an LLC, with shareholding split 90% to B and 10% to N.

I am the President and 100% Shareholder in each corporation.Currently, I am closing on a property in Corp-1 and will be doing a 1031.

Tamara Hughes Gustavson, the largest shareholder in Public Storage Co., officially decamped her Malibu residence for her horse farm in Kentucky.