You might have noticed that people that have been successful with rental units in  houses have to own about 20 or 30 of them just to cover their monthly bills, then they might get some of the profit when they own 30 or 40 all at different addresses.With apartment complexes you might just have one address where you have many units. 

You guys in CA are different kind of special, but I think you might have options with a Delaware trust - talk with @Scott Smith.4.

I did once a week on Saturday's for 11 weeks and it went fast and trust me you want to go once a week for studying and preparing yourself.

Would it be good to make it as a living trust or under corporation to have enough for expenses and distribute rental income?

I've seen other posts that suggest conducting an ARV analysis to get this answer, but I just don't have enough experience (or confidence) to trust the results that I would achieve.

Assuming Illinois doesn't have state-specific forms that are different, look at paragraph 6 of the deed of trust that any owner occupant who got any 30YF Agency loan signed at any closing table within the last 5 years. 

New tenants expect skuffs on the walls to be addressed and for the apartment to be generally clean.

I don't know how much I trust him personally, but he did make some good points, one of which was using SFR as an Assisted Living Rental.

Why doesn't she head on over to his swanky-swanky-hubba-hubba Capital Hill address to get her boyfriend fix?

If you think you will go FHA, Conventional, FHA 203k, etc. and then Quit Claim the property, to a LLC, or a Land Trust you run the risk of the lender discovering a Title Transfer occurred and activating the "Acceleration Clause" or "Due on Sale Clause" that requires the loan to be paid in full, within 'x' number of days.