Also, this is specifically for when a new rental property is being placed into service and there is no Sched E history

In addition, what are the tax implication of such a structure, would it pass through a personal tax return as schedule E or does it need its own tax return?  

@Derrick E.

@Jason Smith First point of feedback, there’s not a choice between Sch C or Sch E.

Quote from @Victoria E.: I am also following this thread. 

It's like saying to parents your sun or daughter's grade has been raised from E to D.

It’s a great way to build some  base knowledge on any topic you are interested in.Finally,  I would e courage you to find your local real estate investment group.

Quote from @Scott E.: Quote from @Eliott Elias: If the investor stops making payments the owner will have to foreclose on the investor to deed back to their name.

When looking for a PM, consider these criteria:1) the experience and credentials of the broker who supervises the company as well as the lead property manager2) the services they offer and how they line up with your needs and expectations3) the use of technology to make their job and yours easier 4) if they have a landlord-tenant attorney on retainer to help guide them on legal issues (not to mention the creation of lease agreement, landlord forms and notices, etc.)5) their process and policy for a) listing, b) application, c) tenant selection, d) routine inspections, e) maintenance services, f) property and tenancy update reports to you, g) lease enforcement policy, and f) move-out process.6) property owner reviews (caution: you can't always rely on Google reviews, because they may not reflect actual quality of the company, but still) 7) beneficial programs for both owner and tenant 8) a property management agreement that would indicate they know what they're doing and have the experience to know what matters in a PMA.

Preferably contact them by e-mail as we are not allow to self promote.