I'm currently working with another local municipality where we are are planning three 16-bed homes for assisted living, two 16-bed homes for memory care, and ten patio homes for independent living on a 6 acre plot of land. 

PM, appraising, brokering, etc just piles more ordinary income on top of your already high ordinary income. 

Real property depreciation unrecapture is actually not taxed at your ordinary income rate (depreciation recapture is).

Specifically I see many houses have an enclosed patio room(not bedroom), which was built without permit. 

My question now would be are there entities such as an LLC that you can report you rental income under were the tax treatment would be different versus ordinary earned "W-4" income from a job?

take the depreciation, because it lowers your ORDINARY income, which is at higher rates (up to 35%) versus CAPITAL gain which is up to 20%.

That's taxable at ordinary income rates, maybe with SET.Fix and flips make no sense if there's no work to do.

If the need for repair is a result of damage done by Tenant and/or their guests, and not that of ordinary wear and tear, Tenant agrees to pay for the repair.

The house is a two level home with garage and back patio area.

Furthermore, if your rental activity results in a loss for the year, you can use the net passive loss allowance to offset up to $25K in ordinary income on your 1040.Most of these tax advantages would be lost if your rental property is held in a C-corp.You still have all these tax advantages whether you own the rental property in your own name or in the name of some passthrough entity such as an LLC or an S-corp. .As far as I can tell, there are no tax benefits available to a rental property activity owned by a passthrough business entity that you don't enjoy as a sole proprietor.