To all BP members we are excited to bring this awesome charitable enterprise to all our friends and Colleague's on BP .

Having some background in finance, accounting, tax, and business law, I am aware of the textbook advantages and disadvantages that each offers and their subsequent financial statement impact, but as far as actual operating ease and efficiency what is the recommended entity for holding these real estate assets?

We subsequently purchased an additional large complex 20+ units in the same area (maybe .5 miles away).  

Keep in mind that the VA funding fee is increased a good bit on your subsequent purchases (after the first one).

Then you can apply all that learning to your second and subsequent investments.

@Jay Morgan For example, if relative gave me a $100k for fix and flip and we made $20k profit on the deal would you pay them 10% out of the $20k and the subsequent deals/ profits?

If no response we can exercise the 30day notice option.In fact my daughter just raised one $60/month, with a subsequent increase in the Security Deposit & the tenant decided to stay???

Apply that % to your purchase price and that (or the tax improved number if larger) is your initial first year and subsequent base depreciation when divided by 27.5 years.  

If they are delinquent in subsequent tax years, that can be rolled into the original note.  

Most recently I opened an account with Intuit who has subsequently opened a "review" to see if they and their "partner banks" allow rental businesses to receive ACH payments for rents/deposits.