Originally purchased as worker housing for another business but now use a rental.

Eugene is a very small town of around 200k+ people.

What do you suggest is the best entity classification to choose from for a new, up-in-coming business owner to get the best balance between liability protection and tax advantages? 

I found there's not too much people talking about this idea here so I want to open this topic.

I hear people having rental properties older than mine like 1900 still cash flowing and happy.

Thanks Dream big, live more than modestly, treat people with respect.

I wouldn't start on the Internet for that because people can be creepy.

The primary reason a lot of people move on to bigger deals (80 units plus), is that it's possible to own larger properties in markets that make economic sense but may be far from where you live. 80 Units seems to be the target so you can hire your own full-time property manager and maintenance person, versus relying on local property managers to manage smaller multi-family properties on your behalf.

If I don't find people talking freely and glowingly, it's a pass.

got it, but the business entity in question wether LLC, corp, or whatever the case... does it need to be 100% owned by my wife since she can position herself as "full time" investor as I'm a full time W2 employee currently.