General rule (for more reasons than one):Buy and hold rentals=LLC or hold in your personal nameFlipping=S-Corp (although this depends on some other factors as well such as your total profit and W-2 income) It may not be worth it depending on your situation.

Our goal is to obviously have good positive cash flow, to allow us to re-invest in more property for a "snowball" effect.

That is obviously an extreme example.  

My Private money lender is in limbo right now and im considering useing my CCs, this 4plex might go for 25K and i have a  total of 50K combined CCs limit, Im considering buying the 4 plex  on my CCs, This is for BRRRR but my questions are:Can i buy the house with my CCs in my name and Refi into 203K to get the rehab completed?

Fourth, talking about a deal verses presenting a real deal is totally different.

The answer to that is totally subjective.

If your total monetary losses can be counted using "hundreds" I'm betting it won't be worth the fight to recover.

@Christopher PhillipsYeah... it seems it all boils down to knowing the "total debt" - no matter which position forecloses.Except if the first one forecloses it releases the property from junior liens.

This tenant obviously considers this unit home, so unless there are concerns with them, see if you can keep them.With our current tenants, if they have stayed a year or longer and have been good tenants, we increase rent annually to 50% of the gap between current and market rent.  

It can work on higher priced multi family properties because the total of the rents is usually higher.