I have several areas of interest on BP including auction sites, avoiding vacancy, Section 8, and learning how to evaluate a "good deal" and avoid money pits. 

Some recommend you start a C or S Corp to avoid dealer/trader status with the IRS, especially if you plan on wholesaling some of your properties you get that you do not plan on flipping.

you can never avoid personal liability with an LLC for example if I own coca cola stock and the coca cola truck driver runs over sombody they can't sue me just cause I own the stock.  

Anyone have any experience with something similar is welcome to share, or just any thoughts in general are welcome.If you want to avoid the hold up I would close on the properly titled property with the title insurance and buy the separate lot in a different transaction.

I need to refi to avoid the high interest rate before then.

A couple of things to consider with tax deductions:1) The expense you avoid is worth far more than the tax deduction on that expense.  

The thing is seller does not want to go through title company to avoid paying capital gains and wants to get paid upon the deed transfer.

One account per unit seems unnecessary. 

In low/no appreciation markets, you want higher cash on cash returns that will offset the lack of appreciation and so you can at least exit the market in 7-10 years if you need to without losing money or you will have been able to save some of the cash flow to make capital improvements and continue to hold the property.Also, you want to buy at a discount so that much of the equity margin you need to avoid selling costs eating up all your aggregate cash flows is captured at purchase (and perhaps some significant gain above that).

Definitely set up an entity to hold your assets, but your best bet will be to avoid litigation unless at least $100,000 is at risk.