Properties acquired with the express purpose of being investment properties are in an LLC.

I've never had the pleasure of working with a CPA for tax related purposes so I would really appreciate your insight! 

@Jonathan ThompsonAnother item to keep in mind is that all of your self employment income from all sources can be aggregated for purposes of contributing to the Solo 401k.Here is an except from an article written by Calcpa.orgWhen a self-employed individual maintains more than one trade or business, the questionarises as to whether the limit is based on the sum of earned income or loss from all trades orbusinesses under common control [as defined in IRC 414( c)) as modified by IRC 415(h)], or ifonly the trade or business maintaining the plan being tested is used.For purposes of the IRC 415limit, earned income for the self-employed individual is based on the sum of the earned incomefrom all the controlled trades or businesses, regardless of whether the related employer maintainsa qualified plan [Reg. 1.415-2(d)(6)].EXAMPLE: Andy, a sole proprietor, operates a law practice as a sole proprietorand has $100,000 of self-employment income from such practice for 2008 (prior tothe reduction for one-half of self-employment tax).

I purposely took a HELOC and converted to a HELO (amortized) so that I could lock into a low rate for fear of the treasury moving in an upward trajectory...

@Ben Wendt  you will find that all if not most HML will lend to entity because they need to make loans for commercial purpose so they don't violate license lending laws.. also you will also find out they will then require personal guarantee ..

As per commercial non consumer purpose loans, it would depend on the language of the specific state's laws, rules and regulations regarding loans, contracts, torts, etc., whether or not it is considered predatory lending or if lender liability can be invoked on some other issue.The real issue for me is that even if it passes muster in a particular state, what happens if the borrower files bankruptcy and does so utilizing Federal guidelines.  

Dodd/Frank rules clearly delineate residential from commercial or what they call "business purpose" loans. 

I Picked this photographer on purpose and wanted the pictures stand out on MLS, however although they are taken with wide angle, my intention was not to exaggerate the size of the rooms rather to cover more of the features of each room in one picture.  

For liability purposes, I would like to hold both properties in a corporation.

Curious, does anyone have any experience purchasing property with the intended purpose of renting it out as section 8 housing?