As the leasee, I dont see how you gain any advantage over simply owning it in your personal name

They get tired of residential tenants so 1031 into passive commercial NNN and get 7 to 8% returns.I looked at residential a long time ago and it just wasn't for me.  

I currently have about 100k equity there.2016 capital gains income: 02016 business / gambling income: 25k2017 capital gains income: 152k2017 business / gambling income: 28kChecking account balance: 100k+Credit score: 730Investment property price range 165k - 200k.I can get letter from CPA stating I've been in the same business since 2010.I'm being told they will take either last three years of capital gains or last two years of gambling. 

Make a lease for this man at his renewal date,(or before) to gain some control of things bothering you..

Also regarding STR;   when you get to 3 people arriving, three people with questions, three cleaners and inquiries on top of that it is NOT passive income. 

As you get older you may want to liquidate some of it and move to mutual funds or something entirely passive

Is that considered 'passive' income and permissible under this type of non-immigrant visa?

If you go with Turnkey it should be 100% passive for you.

Everyone has a story to tell and mine can be titled "Going from bankruptcy to massive passive income!"

IMO, you best bet is to define your goals, objectives, liquidity constraints, budget and time commitment (how active or passive you'd like to be).