If you collected $20,000 rent from the 3 units, and the 3/4 of your mortgage interest, taxes, insurance, repairs and whatnot are also $20,000 - then you have zero taxable income form renting.

And if I have a property that I purchased before forming the company, should I transfer that to the company's name, or leave it in my name?

Those are the agents I want working for me when it comes to investing.

A handy guy did some heat and hot water maintenance in a triplex property for me.

Did you form a single member LLC or two persons?

It's come time for me to sort out my insurance and I thought I could set it up on monthly payments and this might be a good way to help me start building a credit rating, but it seems that in general, insurance companies won't report to credit agencies unless it's negative. 

But, I could use some experience, strength and hope for getting through this rehab financially, and some airtight Lease & Rent-to-Own forms for the next tenants or buyers. 

I used my local state’s promulgated commercial lease form.

TICs are another form of fractional real estate ownership that is actual real estate ownership but completely passive and provides monthly cash flow. 

Thus, if an individual holds title to the relinquished property in his or her own name, they may purchase and hold title to the replacement property in the name of a single member LLC that does not elect to be taxed as an association (see IRS Form 8832 and Instructions).