The structure heavily depends on the asset class and that also dictates splits, but I operate in the STR space so we typically have a much great cash on cash return than most stable asset syndications. 

.- Use cost segregation studies to expedite depreciation of your properties to offset large income gains.Entity Structure- Choose appropriate legal structure (LLC, partnership, or S corporation) with consideration for different tax implications.Tax Credits- Explore available credits, like energy-efficient or historic rehabilitation credits.Qualified Business Income (QBI) Deduction- Check eligibility for QBI deduction, providing up to a 20% deduction on qualified business income.Record Keeping- Keep accurate and organized records for tax compliance and audits.State and Local Taxes- Consider varying state and local tax implications, including property and income tax rates.Tax Planning- Engage in proactive tax planning, consulting with professionals for a comprehensive strategy.Tax Changes- Stay informed about changes in federal, state, and local tax laws affecting real estate investments.Remember to consult a real estate tax professional for personalized advice based on your specific situation.

Here in Colorado, STR rules are city and county specific and the laws vary widely across the state.

It really depends on the exact location; if the MTR is closer to WEC/HITS, it may work out great.

Not 100% true, but that's what I see after 20 years.I think it depends on what you want to do though. 

Long story short in order to use rental income they will need your lease agreements or tax returns depending on how long you had the property as a rental. 

Okay, then there's a lot you'll want to think about depending on your other income and your financial situation. 

@Efrem Debesay It might depend on the kind of rental you have.

It really depends on your goals and what you're looking to achieve.

Depending on your state, you might consider a Land Trust.