Some of the strategies for flippers are choosing one of the two corporate entities, setting up benefits and retirement plans, and doing deals inside retirement plans.

You can elect for tax purposes in both corporations or LLCs to go Sub S. 

Airbnb /VRBO daily rentalsMonth to month corporate rentalsTraveling nurse with 3 month rentals.

I was thinking of waiting as so many large corporations keep announcing layoffs in the dozens of thousands.

The issue, in my layman's opinion, is dealing with protecting/maintaining the LLC's corporate veil. 

Hello,I recently came across some properties with a 10 year NN corporate housing lease.

As I alluded to in my first post on your thread, you need to maintain/protect your corporate veil otherwise all your effort is useless. 

You can do it, but in my layman’s opinion it messes with your corporate veil.

Big and small companies alike have chosen Houston for the location of their corporate headquarters. 4th largest city in the US - This has increased the housing demand in the Houston areas and landlords are enjoying low vacancy and rent increase.

While I've never received a 1099 from a tenant, technically you are supposed to provide one to anyone you pay over $600/year to who is not a corporation.