In addition you can use it to collect initial security deposits or to bill the tenant for addition items such as billed back utilities, damages, etc.

Once you know your goals and investing time horizon, the optimal choice will appear much more clear! 

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If you were entitled to those lawyer's costs your lawyer would have asked for them in the lawsuit because a judgement gives you the most ability to potentially collect that money back from the tenant. 

Most of what they recommend only makes sense from an operational standpoint if you are a larger investor and have a team to help you manage everything.Also, ensure your REI-savvy tax pro and your REI-savvy attorney link up during the entity structure creation process so things are optimal on all sides.Just something to keep in mind as you're beginning this journey.

There are other towns with much less city intervention and will have much higher chances of collecting higher rents. 

@Morgan Reynolds Did you ever get your pitch book built or collect any examples?

The only thing a tenant does it prove the rent you can collect as opposed to a proforma of suggested rent.

Seeking expert guidance on optimal structuring options:1.

I got my first BTC back when you could go on one of the many faucets and collect 0.5btc/1btc a day.