After a few years of research, running the numbers, backing out of a few deals based on inspections (nerves about dealing with inspection items or financial impact of inspection items), and numerous other offers, we have closed on our first real estate investment property!

I'm under the impression that this is doable, without major $ impact as long as members of the LLC and beneficiaries of the new Trust are the same. 

Skye Under the CARES Act, there should be no negative impact on a borrower's credit score for payments missed during an approved forbearance, but it may be reported and this could be scrutinized by the next lender.

If you will house hack, you may be able to get owner-occupied with 5% down. the % of money down will impact your cash flow and will help you in the decision of going to single family, or small multi-dfamily route

Your CPA should be providing you guidance on how certain different investments should impact you from a tax perspective.He/She can also provide you models on how the potential investments can react based on certain economic outcomes.However, I personally do not think he/she should say invest in this asset class over another.

Hi, I am working with a  nonprofit organization which is working to help finding housing for those impacted by homelessness. 

Has it been inspected for environmental hazard?

And I finished with how it would lesson the impact of capital gains taxes they would have, as they don’t get all their money in one year. 

It will be the best money you spend to understand costs, schedule, environmental issues, and entitlement regulation specific to that parcel. 

The depreciation, etc. that impact taxes for each property will roll up to the mother, so you only have one tax return.I know this sounds complicated and I am neither a lawyer nor a CPA but am following this approach myself.