We are combining our money in a C Corp, and going to buy the real estate with the intent for long term holds.We have also agreed to keep the majority of the money in the corporation, and just continue to grow the business vs. pay out the profits.We also agreed that the manager would be paid 10%, since we also plan to grow the business we realize the future need for hiring other property managers.

Yes LLC is the preferred entity due to lower cost and same corporate protection.

Of course I could have leased to the earlier applicants but one was wanted by collections agencies all over town and another had a judgment against them from a corporate landlord.

I recalled in one of my graduate courses in Corporate Finance the professor started using Laplace's Transform to calculate the Net Present Values of the Cashflows (if you don't know what that is, that's the point... essentially some mathematical technique).The reality is that using a basic calculator (or computer spreadsheet) you can approximate to the degree of accuracy that you need for all practical purposes. 

To be able to minimise the withholding {US} & dividend {Cdn} taxes and control the timing of earnings repatriation you should explore using an U.S.A. incorporated entity which is a child subsidiary (100% owned) of a Canadian corporation.

I believe having them and the financial accounts to support them held in a corporation would shelter that income from the FASFA (which is a complete joke if you make a living wage or above by the way).

So I am brand new to RE and looking for a supplemental income, then hopefully to quit my corporate job.

Here is an excerpt I found on their startup page on Angel.co:TrueAccord uses behavioral analytics and personalized messaging to get late and delinquent customers to pay up, recover and come back to being paying customers.TrueAccord automatically: - Collects publicly available data about debtors to create a rich dataset teaching the system how to approach them - Communicates with debtors via multiple channels - Uses a process designed according to latest behavioral economics research to negotiate with them and understand the root of their inability and/or lack of willingness to pay - Manages the payment process - Presents insights back to the merchantTECHNOLOGY- Complementing debtor profiles with online crawling inspired by Israeli Intelligence Forces' technology, bringing together sentiment analysis, social data and more. - First ever automated negotiations engine working on debtor objections in real time, employing behavioral economics guided U

Try https://knowyouroptions.com/loanlookup for Fannie Mae loans & https://ww3.freddiemac.com/corporate/ for Freddie Mac loans.

I think reading Rich Dad Poor Dad in 2003 completely ruined my enthusiasm for corporate America.