This will depend on the property type. 

For tax purposes, having LLC hold the title would be the ideal scenario.

If it is to play it safe and have a feel for the type of actual operating income that the property can produce before you put debt on it, that's a safe and solid idea.The good news, however, is that you're likely going to be purchasing a furnished property.

This only fits with a small office type business. 

You just walk a very fine line when you're a licensed agent that wholesalers and a lot of brokerages will not look fondly at this type of activity.Message me privately to chat more on potential workarounds and how to operate in the space doing/being "both".

I am putting together a business model to convert a single family home to this type of facility and have an idea of the qualifications to get this running.

@Morgan RussellIf you're in CA, what type of trust are you talking about? 

If so, you'd need to go with conventional financing and unfortunately are unable to close in an LLC with that type of loan.

This is quickly becoming where the puck has been type of market.

If you can go 'Full Doc" another words use income to qualify plus rents it would be worth it to take a look at other options.I would be interested in knowing what program you are using and the property type.