Your CPA can help you to design a strategy for your specific situation, but having theses activities taxed as an S-Corp can save you thousands in taxes. 

When I started a few years back I would knock on doors on the first and drive around a C area with thousands of dollars in my pocket.

I have a hundred thousand in equity.

System is very delicate and after one year of overuse by tenants (12 people staying when 3 are on the lease), thousands of dollars into it for repair, a year of pain, I am not up for taking any chances.

It ruined 3 floors ceilings and walls. 

Wow your guests with a high end look that you can maintain and not have to worry about being ruined if something is dropped or spilled.

Equal housing opportunity - however, once someone told me many years ago when I was looking at large multifamily in a low-income neighborhood, if you redo the building you should also market as a 65+ - because they stuck in their ways, because they wont ruin your place - I don't know never tried, I just concentrate on being thorough with whom we are placing, if you are patient and disciplined you can be rewarded by simply being diligent. 

There is also a lifetime gift allowance of several hundred thousand dollars that could be used which is separate from the annual gift limits. 

Their urine smell can ruin any porous surface like carpet, sheetrock (drywall) & even some vinyl floors.

With a ruined reputation, that may mean you're going to miss out on 10 deals for the entire year, which may $50k give or take of course.